Litecoin technical analysis: LTC/USD may have to return to next major area of demand within $70 territory
|- Litecoin price in the second half of Monday is trading marginally in the green, gains of 0.40%.
- LTC/USD given the current technical price behaviors, remains at risk of returning to $70 territory.
- There is much in the way of resistance ahead of the psychological $100 mark.
Spot rate: 307.98
Relative change: +0.40%
High: 92.28
Low: 87.37
LTC/USD 60-minute chart
- Near-term price action is moving within a bearish flag structure, subject to potential downside risks.
LTC/USD daily chart
- The next major areas of demand are observed within the mid to low $70 territory.
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.