Litecoin technical analysis: LTC/USD strong ascending trend line is maintaining upside pressure

Litecoin price on Thursday in the second half is trading ever so marginally in negative territory down some 0.30%.
LTC/USD is being supported to the upside by a long-running ascending trend line.
Next major barrier for bulls to tackle is seen at the range of $140-145.

Ken Chigbo Independent Analyst

Spot rate: 118.44

Relative change: -0.30%

High: 123.13

Low: 117.13

LTC/USD 60-minute chart

Upside is limited at $121-123, support can be seen just below a near-term trend line tracking at $115.

LTC/USD daily chart

Price action is being supported to the upside by an ascending trend line, which has been running since late April.

Author

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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LTC/USD 60-minute chart

LTC/USD daily chart

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