Litecoin technical analysis: LTC/USD bearish pennant on verge of breakout
|- Litecoin price is nursing losses in the session some 3.15% towards the latter stages of the session.
- LTC/USD is moving within a bearish flag structure via the daily chart view.
- Price action has largely narrowed and is subject to an imminent breakout.
LTC/USD daily chart
Over the last nine sessions, the price has been stuck within a range of $4.
LTC/USD 60-minute chart
The price via the 60-minute view is being supported by an ascending trend line.
Spot rate: 55.79
Relative change: -3.15%
High: 56.66
Low: 53.77
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