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  • Litecoin slides below $60; defends rising channel support.
  • CEX.IO will now offer Litecoin trading in LTC/BTC and LTC/USD pairs.

Litecoin is trading within a rising channel despite the lower corrections from the recent highs at around $65.00. The lower corrections from the highs in September 2018 found a  balance at the swing low ($47.4). While the crypto has maintained the rising channel support, it has not been able to recover to the highs in the first week of last month ($69.2).

Meanwhile, a Bitcoin cryptocurrency exchange platform referred to as CEX.IO has announced that it will be relisting Litecoin (LTC). Litecoin was trading on the platform in 2017, however, it was delisted following the scheduled upgrades. CEX.IO will now offer Litecoin trading in LTC/BTC and LTC/USD pairs. Customers have been promised zero-fee trading in the initial listing days.

In the meantime, Litecoin is trading is trading at $59.85 following a 0.67% drop on a daily basis. The path of least resistance is to the downside with the MACD advancing further into the negative region while the RSI dips into the oversold levels. The rising channel support will offer the much-needed support. Likewise, the support at $58, $50 and $47 will come in handy in case the declines progress.

LTC/USD 15-minutes chart