Litecoin technical analysis: LTC/USD buyers are heavily trying to defend $100 mark

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  • Litecoin price is trading up some +2.60% in the second half of the session on Friday. 
  • LTC/USD price action via the 60-minute chart view has tested the big $100 to the downside, but buyers defended again in the session. 
  • The price action via the daily has remained vulnerable following a critical trend line breach. 

 

Spot rate:                106.06

Relative change:      +2.60%

High:                        107.08

Low:                         100.67

LTCH/USD 60-minute chart

  • Price action via the 60-minute is moving within a bearish flag structure. 

LTC/USD daily chart

  • Price action via the daily chart view despite the small gains today, is still subject to further potential downside given an ascending trend line break. 

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