Litecoin Technical Analysis: LTC/USD must break game-changing barrier at $50
|- Litecoin price is trading in positive territory by some 7.20% in the session on Friday.
- LTC/USD regathers upside momentum following two sessions of losses.
- Price action formed a daily evening star formation, which has resulted in selling pressure ahead of $50.
LTC/USD weekly chart
Price action has remained extremely narrow for some seven weeks, it comes following a bearish flag breakout.
LTC/USD daily chart
Chunky supply can be observed from the range of $46-49, proving some difficulty. The area previously served as a strong demand zone.
Spot rate: 48.20
Relative change: +7.20%
High: 48.67
Low: 43.83
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