Ken Chigbo
Independent Analyst
- Litecoin in the second half of Tuesday's session is trading firmly in the red, down some 2.50%.
- LTC/USD price action is trading ever so close to a critical ascending trend line of support.
- The noted support has been running since the back-end of April, guiding the bulls north.
Spot rate: 120.30
Relative change: -2.56%
High: 124.12
Low: 119.57
LTC/USD 60-minute chart
- Price action via the 60-minute chart view is narrowing within a triangular structure.
LTC/USD daily chart
- The long-running ascending trend line is critical for LTC/USD, it could either make or break the price and its direction.
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