Litecoin technical analysis: LTC/USD sitting on critical weekly support at $42


  • Litecoin price is trading in the red in the session by some 0.50%. 
  • LTC/USD is having some trouble near-term finding a bottom, 25 November low eyed for support. 
  • The price is running towards its fourth consecutive session in the red. 

 

LTC/USD weekly chart

The price is running towards its fifth consecutive week in the red, following a critical bearish flag breakout. 

LTC/USD daily chart

There is a possibility of a double bottom if the price can catch support at the 25 November low, $42.

 

Spot rate:                 43.69

Relative change:      -1.20%

High:                         44.07

Low:                          42.84

 

 

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