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Litecoin Price Forecast: LTC/USD failure to regain $50 has proven to be punishing

  • Litecoin price is trading in positive territory by 0.40 % in the session on Tuesday. 
  • LTC/USD subject to deeper falling following a rejection at $50, next major support eyed at $40. 
  • Price action has been narrowing within recent trading, ahead of a possible incoming breakout. 

LTC/USD daily chart

Vulnerabilities remain tilted to the downside, given the bearish flag breach. 

LTC/USD 60-minute chart

Near-term price action is moving within a bearish flag structure via the 60-minute chart view. 

Spot rate:               41.51

Relative change:   +.0.40%

High:                      41.91

Low:                       40.57

 

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