Ken Chigbo
Independent Analyst
- Litecoin price on Wednesday is trading in negative territory, nursing losses over 2%.
- LTC/USD price action via the daily is breaching a key near-term ascending trend line.
- 15-minute chart view shows a bearish pennant structure, inviting further potential selling.
Spot rate: 74.11
Relative change: -2.25%
High: 79.51
Low: 72.29
LTC/USD 15-minute chart
- Near-term bearish pennant can be eyed via the 15-minute chart view, subject to a potential breakout south.
LTC/USD daily chart
- Price action via the daily is breaking out to the downside from a critical ascending supporting trend line.
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