Home Litecoin technical analysis: LTC/USD vulnerabilities remain tilted to the downside
Crypto News

Litecoin technical analysis: LTC/USD vulnerabilities remain tilted to the downside

  • Litecoin price on Friday is trading in negative territory by 0.80% in the second half of the session.  
  • LTC/USD has been edging lower for the past four consecutive sessions, as the bear market remains strong.
  • Near-term price action is moving within a bearish pennant structure, subject to a breach.  

Spot rate:                   69.27

Relative change:       +3.70%

High:                          69.70

Low:                           68.460

 

LTC/USD daily chart

  • Price action via the daily chart view is trading within a bearish flag pattern, subject to a potential brekaout south.  

 

LTC/USD 60-minute chart

  • LTC/USD via the near-term view is moving within a bearish pennant pattern via the 60-minute.  

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.