- Litecoin price is trading in negative territory by 3.00% in the session on Friday.
- LTC/USD has lost some pace from the recent momentum north, critical support should be noted at $72.
- The price is now running at three consecutive sessions in the red, as the bears regain control.
LTC/USD daily chart
Should the critical daily support at $72 give way to the bears, then demand at $68-64 range will be eyed. A breakdown of the respected support areas could force Litecoin back down to $50.
LTC/USD 60-minute chart
Price action is narrowing via the 60-minute within a bearish pennant structure, subject to a potential breakout south.
Spot rate: 73.05
Relative change: -2.30%
High: 75.44
Low: 72.50
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