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  • 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.