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Litecoin technical analysis: LTC/USD could be forced to give back May-June bull run gains

  • Litecoin price is bleeding on Tuesday, trading down some 5% in the second part of the day.  
  • LTC/USD is testing a critical ascending trend line of support, failure to hold could be very much pushing.  
  • The bull run of May-June gains is at danger of seeing a full reversal.  

 

Spot rate:                   117.97

Relative change:       -5.50%

High:                          123.67

Low:                           112.25

 

LTC/USD 60-minute chart

  • Near-term demand area helping to keep the price propped up, $116-112.  

LTC/USD daily chart

  • Bears are heading for critical trend line test, May-June gains could be in trouble.  

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