Litecoin technical analysis: LTC/USD there is still a potential opportunity for the bulls, but critical support most hold
|- Litecoin price in the second half of Monday is trading in negative territory some 3.5%.
- LTC/USD price action via the daily time frame is moving within a bullish structure.
- Should the noted support fail to hold, a drop totally erasing the gains for main could be seen, back into $200 territory.
- Critical support is noted at $110, a breach could expose $100 to the downside.
Spot rate: 110.87
Relative change: -3.50%
High: 116.24
Low: 108.89
LTC/USD 60-minute chart
- Price action is moving within a narrowing pennant pattern, subject to a potential breakout south.
LTC/USD daily chart
- Via the daily time frame, despite the vulnerabilities over the short-term chart views, LTC/USD is moving within a bullish pennant structure, with scope for upside.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.