- 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
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