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  • Litecoin price is trading in negative territory by 2.60% in the session on Wednesday. 
  • LTC/USD is moving within a narrowing nature, pennant pattern subject to a breakout. 
  • There is another drop very much looming, with the psychological $30 mark acting as the gateway. 

 

LTC/USD daily chart

Pullbacks in the price have continued to be sold via the daily chart view, these have presented opportunities for the bears to short. 

LTC/USD 60-minute chart

rice action is narrowing within a range-block, the low support down at $32.50, resistance to the upside notable at $35.00. 

 

Spot rate:                33.30

Relative change:    -2.60%

High:                        34.88

Low:                         32.40