Litecoin technical analysis: LTC/USD weekly bearish flag breakout

FX Street

Updated: 18 Nov. 2019 | 17:32

Litecoin price is trading in the red, with losses of 2.75% the session on Monday.
LTC/USD is back within the control of the bears after a decent three-week run higher.
Critical support at the $60 price mark has been breached, which allowed a fresh wave of selling.

LTC/USD weekly chart

Price action via the weekly chart view broke out from a bearish flag pattern.

LTC/USD daily chart

The price is testing a critical daily demand zone, $57-56 range.

Spot rate: 57.63

Relative change: -2.75%

High: 59.32

Low: 57.26

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