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  • 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

 

 

Expert score

5

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