- Litecoin price is trading in positive territory by 6.30% in the session on Friday.
- LTC/USD has caught some near-term respite, but the bias remains to the downside.
- Upside appears to be very much limited, with near-term rallies being sold.
LTC/USD weekly chart
The price is at risk of a trend reversal, following a weekly evening star closure last week. LTC is heading for a close below this, which would be a bearish signal.
LTC/USD daily chart
Critical demand seen at the $69-66 price range, failure to hold would be punishing.
Spot rate: 73.69
Relative change: +6.30%
High: 75.30
Low: 68.71
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