Ken Chigbo
Independent Analyst
- Litecoin price is trading in negative territory by 3.10% in the session on Wednesday.
- LTC/USD bulls giving up ground after two straight days in the green.
- A critical range breakout is nearing, but the price could still very much go either way.
LTC/USD daily chart
A bearish flag structure is viewable via the daily chart, which if capitalized on by the bears, will spark another round of selling.
LTC/USD 60-minute chart
Price action via the 60-minute chart view has breached a near-term critical trend line of support. It can now be seen consolidating within a bearish flag structure, at risk of breach south.
Spot rate: 39.06
Relative change: -3.10%
High: 41.15
Low: 38.22
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