- Litecoin price is trading in the red in the session by some 1.20%.
- LTC/USD remains vulnerable to further downside risks, as price moves within a bearish technical structure.
- The price is narrowing, which has been the case since late November, a breakout is eyed.
LTC/USD weekly chart
The price is running towards its seventh consecutive week trading in the red. There is still a lack of reversal signage at present for LTC/USD. Risks loom of a fast move back down to $30.
LTC/USD daily chart
Price action is moving within a bearish pennant structure, subject to a potential breakout and another wave of selling.
Spot rate: 43.69
Relative change: -1.20%
High: 44.46
Low: 43.28
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