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  • Litecoin price is trading in the green in the session by some 0.60%.  
  • LTC/USD has managed to find some firmer footing, after falling to 10-month lows last week.  
  • The bulls is retesting a critical area of prior support, which cushioned the price from 22 Nov – 15 Dec.  

 

LTC/USD daily chart

A critical area of resistance should be noted at the range of $42-45, as mentioned above a former acting area of support.

LTC/USD 60-minute chart

Price action is narrowing within a potential pennant structure, subject to a breakout north.  

 

Spot rate:                   42.20

Relative change:       +0.60%

High:                           42.59

Low:                           41.70