Ken Chigbo
Independent Analyst
- Litecoin price is trading in positive territory by some 0.55% in the session on Wednesday.
- LTC/USD is running towards the sixth consecutive day in the green.
- Next major area of interest is likely to be the psychological $50 price mark for the bulls.
LTC/USD daily chart
Price action trying to breakdown resistance ahead of $50, seen at $48, high area back end of November - early December 2019.
LTC/USD 60-minute chart
The price is heading back towards a retest of a critical ascending trend line via the 60-minute chart view.
Spot rate: 46.62
Relative change: +0.55%
High: 48.57
Low: 46.33
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