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Litecoin Price Analysis: LTC/USD giving up $40 again could be very punishing

  • Litecoin price is trading in positive territory by 0.50 % in the session on Tuesday. 
  • LTC/USD at risk of another fall, following critical flag breach. 
  • The price breached the noted daily flag and has retested, leaving the door open to the bears. 

LTC/USD daily chart

A daily breakout and retest of a flag pattern, which leaves the door open to greater downside pressure. 

LTC/USD 60-minute chart

A near-term flag structure is observed via the 60-minute, at risk of a breakout to the downside. 

 

Spot rate:               40.61

Relative change:  +0.50%

High:                      41.08

Low:                       40.14

 

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