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LTC/USD floodgates are open for greater downside

researchsnappy by researchsnappy
February 26, 2020
in Healthcare Research
0
LTC/USD recovery stalled as Charlie Lee mulls the idea of miners’ donations
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  • Litecoin price is trading in negative territory by 14.50% in the session on Wednesday. 
  • LTC/USD is now running towards its third consecutive session firmly in the red. 
  • Critical demand is being broken down at the range of $70-65 via the daily. 

LTC/USD daily chart

Important support levels to the downside are eyed at; $60, $53 and then $50.

LTC/USD 60-minute chart

It can be seen with the current structure, that rallies continue to be sold, or any near-term pullbacks/consolidation. 

Spot rate:                60.22

Relative change:    -14.50%

Hgh:                         72.12

Low:                         65.37

 

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