Litecoin Price Analysis: LTC/USD vulnerable of potential return to $45

• Litecoin price is trading in positive territory by some 0.15% in the session on Wednesday. 
• LTC/USD is narrowing in terms of price action, $60 to the high, $56 to the low. 
• Should the bears force a breakout of the range-block, LTC may be forced to retest the breached daily channel. 

LTC/USD daily chart

Price action is moving within a narrowing range-block structure, subject to a potential breakout higher. 

LTC/USD 60-minute chart

A near-term bearish flag structure can be observed via the 60-minute chart view. 

Spot rate:                 57.28

Relative change:    -0.05%

High:                        59.15

Low:                         57.08