Ken Chigbo
Independent Analyst
- Litecoin price is trading in negative territory by 0.90% in the session on Thursday.
- LTC/USD has offered little in terms of price action since 13 March.
- Given the narrow conditions, it suggests a big breakout is in the works for Litecoin.
LTC/USD daily chart
A bearish pennant structure continues to contain LTC/USD price action, as risks still point to the downside.
LTC/USD 60-minute chart
A narrowing range block formation can be observed via the 60-minute chart view, the next breakout could be trend defining near-term.
Spot rate: 38.90
Relative change: -0.90%
High: 40.03
Low: 38.53
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