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  • 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

 

Expert score

5

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