Litecoin Price Analysis: LTC/USD floodgates are open for greater downside
|- 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
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.