- Litecoin price is trading in negative territory by -8.45% in the session on Monday.
- LTC/USD is moving within a narrowing nature, with a breakout looming
- The price has formed a bearish pennant, at risk of another wave of downside pressure.
LTC/USD daily chart
Daily price action has seen the construction of a bearish pennant, as the price narrows for going on four sessions. The lower acting critical support should be noted at $30.
LTC/USD 60-minute chart
Price action has edged out of a bearish flag structure, at risk of another push lower via the 60-minute chart view.
Spot rate: 33.20
Relative change: -8.50%
High: 36.32
Low: 29.27