Litecoin technical analysis: LTC/USD using $100 as new bottom area

  • Litecoin price in the second part of Friday is trading in negative territory, nursing minor losses of 0.25%. 
  • LTC/USD is at present using the psychological $100 as the near-term bottom area. 
  • If the noted $100 fails to hold, a critical ascending trend line can be seen just below, tracking at $95-90 range. 

 

Spot rate:                  107.73

Relative change:      +1.90%

High:                         111.06

Low:                          104.48

 

 

LTC/USD 60-minute chart

  • Price action is moving within a near-term ascending wedge/bearish flag structure, subject to further potential downside. 

 

LTC/USD daily chart

  • The price at present is using the psychological $100 mark as a new bottom area seen via the daily.

 

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