Home Litecoin technical analysis: LTC/USD sitting on critical weekly support at $42

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Litecoin technical analysis: LTC/USD sitting on critical weekly support at $42

FX Street

Updated: 12 Dec. 2019 | 19:22

Litecoin price is trading in the red in the session by some 0.50%.
LTC/USD is having some trouble near-term finding a bottom, 25 November low eyed for support.
The price is running towards its fourth consecutive session in the red.

LTC/USD weekly chart

The price is running towards its fifth consecutive week in the red, following a critical bearish flag breakout.

LTC/USD daily chart

There is a possibility of a double bottom if the price can catch support at the 25 November low, $42.

Spot rate: 43.69

Relative change: -1.20%

High: 44.07

Low: 42.84

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