- 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
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