Ken Chigbo
Independent Analyst
- Litecoin price is trading in the red in the session by some 1.20%.
- LTC/USD has extended to the downside, after breaking out of a bearish pennant pattern, inviting another round of selling.
- The price is running towards its third consecutive session in the red.
LTC/USD daily chart
Price pressures are resuming to the south after critical support at $45 was breached. It was the lower acting trend line of a pennant formation.
LTC/USD 60-minute chart
Another near-term technical pattern has been breached, eyes on a retest around $44.
Spot rate: 43.69
Relative change: -1.20%
High: 44.46
Low: 43.28
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