Home Litecoin Technical Analysis: LTC/USD bull move may just be a small consolation
Crypto News

Litecoin Technical Analysis: LTC/USD bull move may just be a small consolation

  • 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.  

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.