Ken Chigbo
Independent Analyst
- Litecoin price is trading in the red in the session by some 0.25%.
- LTC/USD remains very much vulnerable to downside risks as it sits below the breached bear flag.
- The price is being capped underneath a broken down bearish flag formation.
LTC/USD daily chart
Price action is consolidating after a breach from bearish flag structure, subject to further potential moves south.
LTC/USD 60-minute chart
Near-term price action is moving within an ascending wedge structure via the hourly.
Spot rate: 54.52
Relative change: -1.10%
High: 55.16
Low: 54.16
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