Litecoin price was underperforming again on Wednesday, down over 2% in the session. LTC/USD extends its moves to the downside, following breach of ascending channel, as seen on the daily. The Litecoin price was once again on the back foot during Wednesday’s session. It was seen nursing losses of over 2%. This is tracking now at its sixth consecutive session closing in the red, after a big rejection and breakout. LTC/USD was trending higher for quite some time, from 12th September, moving within an ascending channel. The price however, attempted to breakout to the upside from this pattern, but was dealt with a rejection blow. This forced Litecoin back into a bearish trend, seeing it then breakout from the mentioned pattern, seeing further sellers pile in. Technically, given the recent breach on 2nd October, losing large ground around $60 mark, where the tracking support of the channel was seen. The price now trading around daily support, seen from around $57 to mid-$56 range. Resistance to the upside will now be seen underneath the broken channel. LTC/USD daily chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next EUR/USD steadies above 1.15, looks to close 6th straight day in red FX Street 4 years Litecoin price was underperforming again on Wednesday, down over 2% in the session. LTC/USD extends its moves to the downside, following breach of ascending channel, as seen on the daily. The Litecoin price was once again on the back foot during Wednesday's session. It was seen nursing losses of over 2%. This is tracking now at its sixth consecutive session closing in the red, after a big rejection and breakout. LTC/USD was trending higher for quite some time, from 12th September, moving within an ascending channel. The price however, attempted to breakout to the upside from this pattern, but… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
