Litecoin Price Analysis: LTC/USD heading for a critical supporting trend line test
- Litecoin price is trading in negative territory by 4.30% in the session on Tuesday.
- LTC/USD is now running towards its second consecutive session in the red.
- Critical demand should be noted at the range of $70-65 via the daily.
LTC/USD daily chart
Important support levels to the downside are eyed at; $70,65 and then $53-50.
LTC/USD 60-minute chart
Near-term price action broke out of a bearish flag structure inviting an additional wave of selling.
Spot rate: 72.32
Relative change: -4.30%
Hgh: 76.11
Low: 71.29
Author
Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.
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