Litecoin technical analysis: LTC/USD heavily reliant on a critical ascending trend line, make or break

• Litecoin in the second half of Tuesday’s session is trading firmly in the red, down some 2.50%.  
• LTC/USD price action is trading ever so close to a critical ascending trend line of support.  
• The noted support has been running since the back-end of April, guiding the bulls north.    

Spot rate:                  120.30

Relative change:       -2.56%

High:                         124.12

Low:                          119.57

LTC/USD 60-minute chart

• Price action via the 60-minute chart view is narrowing within a triangular structure.  

LTC/USD daily chart

• The long-running ascending trend line is critical for LTC/USD, it could either make or break the price and its direction.