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