Litecoin Price Analysis: LTC/USD cannot break $69-66 or it will be punished heavily
|- Litecoin price is trading in positive territory by 6.30% in the session on Friday.
- LTC/USD has caught some near-term respite, but the bias remains to the downside.
- Upside appears to be very much limited, with near-term rallies being sold.
LTC/USD weekly chart
The price is at risk of a trend reversal, following a weekly evening star closure last week. LTC is heading for a close below this, which would be a bearish signal.
LTC/USD daily chart
Critical demand seen at the $69-66 price range, failure to hold would be punishing.
Spot rate: 73.69
Relative change: +6.30%
High: 75.30
Low: 68.71
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.