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  • Litecoin price is trading in positive territory by some 7.10% in the session on Friday. 
  • LTC/USD breached a bearish flag in the prior session, Thursday, with a retest now in play. 
  • Should a rejection be observed of the noted flag, then further downside pressure will be eyed. 

 

LTC/USD daily chart

A daily resistance barrier should be noted at $42, the lower tracking trend line of the broken down bear flag pattern. 

LTC/USD 60-minute chart

Heavy near-term supply can be observed via the 60-minute chart view, capping upside.

Spot rate:                   42.05

Relative change:      +7.10%

High:                          42.41

Low:                           38.76