Ken Chigbo
Independent Analyst
- Litecoin price is trading up some +2.60% in the second half of the session on Friday.
- LTC/USD price action via the 60-minute chart view has tested the big $100 to the downside, but buyers defended again in the session.
- The price action via the daily has remained vulnerable following a critical trend line breach.
Spot rate: 106.06
Relative change: +2.60%
High: 107.08
Low: 100.67
LTCH/USD 60-minute chart
- Price action via the 60-minute is moving within a bearish flag structure.
LTC/USD daily chart
- Price action via the daily chart view despite the small gains today, is still subject to further potential downside given an ascending trend line break.
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