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  • Litecoin price is trading in the green, with large gains of 13.00%   the session on Friday.
  • LTC/USD daily price action is retesting  a breached bearish flag  structure.  
  • A rejection at the above detailed could invite another wave of selling pressure.  


LTC/USD daily chart

The resistance which is the lower acting trend line of the flag is tracking at $57, failure to break back through could prove to be punishing.  

LTC/USD 60-minute chart

Price action via the 60-minute chart view has smashed out from a range-block formation, inviting a fresh  wave of buying pressure.  


Spot rate:                   56.32

Relative change:       +13.00%

High:                          57.28

Low:                           49.14