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  • Litecoin price is trading in positive territory by 2.60% in the session on Wednesday. 
  • LTC/USD daily price action on Tuesday produced an evening star formation. 
  • Should the current daily candle for Wednesday close below yesterday’s, then problems will arise. 

LTC/USD daily chart

As noted above, the evening star candle typically indicates a change in trend, there are risks to the downside, should the price not close above on Wednesday to void the pattern. 

LTC/USD 60-minute chart

A 60-minute supply area should be noted at the range of $47 to 47.50. 

Spot rate:               46.15

Relative change:  +2.60%

High:                      47.24

Low:                       43.70