Litecoin technical analysis: LTC/USD no slowdown of selling pressure with $30 mark eyed

• Litecoin price is trading in the red in the session by some 3.25%.  
• LTC/USD is in firmly heading to the south, following key technical structure breakouts.  
• The next major daily support area of interest is seen down at the $30 price mark.  

LTC/USD daily chart

The bears maintain full control of the trend, following a daily breached pennant structure.  

LTC/USD 60-minute chart

Price action was smashed out from a bearish pennant structure, eyes on a potential retest and rejection.

Spot rate:                 38.64

Relative change:       -3.25%

High:                         40.16

Low:                           37.90