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  • Litecoin price is trading in negative territory by 1.00% in the session on Friday. 
  • LTC/USD is cooling in the session following strong double-digit gains in the prior session. 
  • The bulls were able to force a breakout higher in avoiding a bearish double top set up.

 

LTC/USD daily chart

Critical daily support should be noted at $62, a successful retest would be inviting for further bull momentum. 

LTC/USD 60-minute chart

A bullish flag structure can be observed via the 60-minute chart view, subject to a potential breakout higher. 

Spot rate:                 59.73

Relative change:    -1.00%

High:                        69.84

Low:                         65.85