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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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