Litecoin Price Analysis: LTC/USD vulnerabilities stack up underneath $40

Litecoin price is trading in negative territory by-0.10 % in the session on Tuesday.
LTC/USD is consolidating, upside limited to $40, support noted at $37.
The next explosive breakout will be critical for the incoming committed direction.

Ken Chigbo Independent Analyst

LTC/USD daily chart

The price enjoyed a daily closure in the green in the session on Monday, however that makes no change from Litecoin moving within a bearish flag structure.

LTC/USD 60-minute chart

Narrowing price action is observed via the 60-minute chart view, moving within a range-block subject to a breakout.

Spot rate: 38.99

Relative change: -0.15%

High: 39.36

Low: 38.41

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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