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  • Litecoin price is trading in minor positive territory by some 2.7% in the session on Friday.  
  • LTC/USD is looking to snap the current four-session  consecutive run of losses.
  • Critical near-term daily support should be noted at $40-39 range.  

 

LTC/USD weekly chart

The weekly structure remains largely tilted to the downside, which has very much been the case since late June.  

LTC/USD daily chart

Price action via the daily chart view is moving within a descending channel structure.  

 

Spot rate:                   40.30

Relative change:       +2.70%

High:                           41.50

Low:                           39.61