- Litecoin price is trading in negative territory by some 0.40% in the session on Thursday.
- LTC/USD lost a run of six consecutive days in the green, with a negative close on Wednesday.
- Price action formed a daily evening star formation, indicating a possible reversal.
LTC/USD daily chart
A strong barrier of resistance should be noted at $48.50, where the price topped on Wednesday, a high area seen between 23 November – 1 December.
LTC/USD 60-minute chart
Price action has formed a bearish flag via the 60-minute, subject to a breakout south.
Spot rate: 45.13
Relative change: -0.25%
High: 45.72
Low: 44.87
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