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  • Litecoin price on Friday in the second part of the session is trading up just over 3%.
  • LTC/USD price action is flirting with a vital daily ascending trend line of support.  
  • Near-term price structure demonstrates vulnerabilities to the downside for LTC.  

Spot rate:                 154.40

Relative change:      +3.03%

High:                        74.25

Low:                         69.38

 

LTC/USD 60-minute chart

  • Price action is moving within another bearish setup, pennant pattern, after breaching a bear flag earlier in the month.

LTC/USD daily chart

  • LTC/USD flirting with a vital near-term ascending trend line of daily support, a breach could be catastrophic.