Ken Chigbo
Independent Analyst
- Litecoin price is trading in negative territory by 2.60% in the session on Wednesday.
- LTC/USD is moving within a narrowing nature, pennant pattern subject to a breakout.
- There is another drop very much looming, with the psychological $30 mark acting as the gateway.
LTC/USD daily chart
Pullbacks in the price have continued to be sold via the daily chart view, these have presented opportunities for the bears to short.
LTC/USD 60-minute chart
rice action is narrowing within a range-block, the low support down at $32.50, resistance to the upside notable at $35.00.
Spot rate: 33.30
Relative change: -2.60%
High: 34.88
Low: 32.40
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