Ken Chigbo
Independent Analyst
- Litecoin price is trading in negative territory by 2.25% in the session on Tuesday.
- LTC/USD has been cooling for three sessions now.
- There is much in the way of resistance in the early $70 price territory via the daily.
LTC/USD daily chart
The price was stuck within a bearish market structure, where lower highs were being produced. The prior high area was seen at around $65, which the bulls have managed to produce a weekly closure above.
LTC/USD 60-minute chart
Critical 60-minute support should be noted at $66, failure to hold could invite another wave of selling pressure.
Spot rate: 69.85
Relative change: -2.25%
High: 68.89
Low: 66.62
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