• Litecoin price on Friday is trading in negative territory down over 1.8%, running at two days of losses.
  • LTC/USD on Wednesday produced a daily evening star formation, suggesting further potential downside. 
  • A long-running ascending trend line can be seen, which has been in play since late April. 

 

Spot rate:                 128.71

Relative change:      +0.20%

High:                        133.17

Low:                         128.66

LTC/USD 60-minute chart

  • Price has dipped under a key near-term ascending trend line of support, subject to possible pressure from the bears. 

 

LTC/USD daily chart

  • The price via the daily is subject to further downside pressure, following an evening star formation on Wednesday. 



Source link Bitcoin Trend Line Analysis

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