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Litecoin Technical Analysis: LTC/USD remains at risk of losing the entire run of gains

  • Litecoin price on Tuesday is trading in negative territory down some 2.15% in the latter part of the day.
  • LTC/USD continues to drift further away from the psychological $100 mark. 
  • The price remains somewhat vulnerable to potentially giving back the recent run of gains.

Spot rate:                  87.46

Relative change:      -2.15%

High:                         89.80

Low:                          84.02

LTC/USD 60-minute chart

  • Price action is moving within consolidation mode, the confinements of a triangular structure pattern. 

LTC/USD daily chart

  • Bulls ran out of upside momentum after attempting to reclaim the $100 price mark. 

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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