Ken Chigbo
Independent Analyst
- Litecoin trading in the red with losses of some 1.40% in the late part of the day.
- LTC/USD price action has been supported by an ascending trend line.
- If the noted the support fails to hold then $100 price mark could at threat .
Spot rate: 117.67
Relative change: +2.40%
High: 119.69
Low: 112.60
LTC/USD 60-minute chart
- Critical support set for a test which is tracking at $115, a breach could see the price fast below $100.
LTC/USD daily chart
- A long running ascending trend line which has been in play since the end of April remains at danger.
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