Ken Chigbo
Independent Analyst
- Litecoin price is trading in negative territory by 14.50% in the session on Wednesday.
- LTC/USD is now running towards its third consecutive session firmly in the red.
- Critical demand is being broken down at the range of $70-65 via the daily.
LTC/USD daily chart
Important support levels to the downside are eyed at $60, $53 and then $50.
LTC/USD 60-minute chart
It can be seen with the current structure, that rallies continue to be sold, or any near-term bounce/consolidation.
Spot rate: 60.22
Relative change: -14.50%
Hgh: 72.12
Low: 65.37
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