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  • Litecoin late on Thursday is nursing losses of some 3.5%, as sellers hit the market.
  • Despite the minor losses in the session, LTC/USD has formed a bullish flag pattern.

 

The Litecoin price late in the session on Thursday is nursing losses of some 3.5%, as sellers hit the cryptocurrency market. Bears have taken back control, as the past few days being very much a period of consolidation.

LTC/USD despite the minor losses in the session on Thursday, the price has been on a strong path to recovery. Since the beginning of the year it is trading up with gains of some 110%, trading around the highest levels seen since September 2018.

The daily chart view shows some signs of light at the end of this current minor downturn, LTC/USD is moving within a bullish flag pattern formation. This is still very much subject to a further breakout to the upside, as the bulls attempt to breakdown the $60 price region.  

 

LTC/USD daily chart