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  • Litecoin price on Tuesday was trading down with just minor losses of some 0.50%, outperforming versuis some of its peers, where deep losses are seen.
  • LTC/USD price action is still moving within a bullish flag pattern structure, via the daily chart view.

Litecoin price on Tuesday was trading down in very minor negative territory. At the time of writing nursing losses of just some 0.55%, it is outperforming in comparison to its peers, with big losses seen across the market.

LTC/USD continues to remain somewhat resilient holding its ground, versus some of the other cryptocurrencies. Price action has also formed a bullish flag pattern formation, which is subject to an eventual breakout to the upside, if abiding by the textbook.

Immediate support can be eyed at the lower supporting trend line of the mentioned flag. This can be observed tracking at $57.50-70 area. Should this fail to hold then the bullish structure will be off the cards. Resistance to the upside observed at $61, a daily break and closure above could open the door to a fresh wave of buying pressure.  

 

LTC/USD daily chart