- 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
Share
