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  • Litecoin price is trading in positive territory by 5.50% in the session on Thursday. 
  • LTC/USD is now running towards its fourth potential consecutive session firmly in the red. 
  • A critical trend line of support was breached at around $72, inviting fresh selling. 

LTC/USD daily chart

The price in the last four sessions has dropped a chunky $20 from $80 down to $60. 

LTC/USD 60-minute chart


Bulls managed to break out of a bearish pennant structure, after being set up for a fresh bout of downside pressure. A near-term supply area should be noted at $65.


Spot rate:                64.20

Relative change:    +5.50%

Hgh:                         65.52

Low:                         57.33