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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. 
Litecoin Price Analysis: LTC/USD vulnerabilities stack up underneath $40
Ken ChigboKen ChigboIndependent 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

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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