Ken Chigbo
Independent Analyst
- Litecoin price is trading in positive territory by some 1.15% in the session on Wednesday.
- LTC/USD is narrowing in terms of price action, $60 to the high, $56 to the low.
- Should the bears force a breakdown of the range-block, LTC may be forced to retest the breached daily channel.
LTC/USD daily chart
Price action is moving within a narrowing range-block structure, subject to a potential breakout higher.
LTC/USD 60-minute chart
A near-term bearish flag structure can be observed via the 60-minute chart view.
Spot rate: 57.28
Relative change: +1.15%
High: 59.15
Low: 57.08
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