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

  • 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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