Litecoin Technical Analysis: LTC/USD bulls have the opportunity to push for a recovery
|- Litecoin price is trading in minor negative territory by some 0.50% in the session on Monday.
- LTC/USD is running with three consecutive sessions in the green, as the bulls push for a recovery.
- The next major area of interest will likely be towards the psychological $50 mark.
LTC/USD daily chart
The bulls managed to push the price back above a critical near-term descending trend line. Given the current pressure tilting back to the south, eyes on the retest.
LTC/USD 60-minute chart
Market bears breached a critical near-term ascending trend line of support, allowing for some fresh selling to be seen.
Spot rate: 42.16
Relative change: -2.50%
High: 44.05
Low: 41.98
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