- Litecoin price is trading in minor positive territory by some 2.7% in the session on Friday.
- LTC/USD is looking to snap the current four-session consecutive run of losses.
- Critical near-term daily support should be noted at the $40-39 range.
LTC/USD weekly chart
The weekly structure remains largely tilted to the downside, which has very much been the case since late June.
LTC/USD daily chart
Price action via the daily chart view is moving within a descending channel structure.
Spot rate: 40.30
Relative change: +2.70%