Search ForexCrunch
  • Litecoin price is trading in negative territory by 0.30 % in the session on Monday. 
  • LTC/USD has lost upside momentum over the last five sessions. 
  • The bulls failed to break down the supply in a run into the $50 mark, inviting more downside pressure. 

 

LTC/USD weekly chart

Last week’s candlestick closure produced an evening star, which could be followed up by a week of selling. 

LTC/USD daily chart

The price has broken out to the downside from a bearish flag structure, leaving the door open to greater moves south. 

 

Spot rate:               40.33

Relative change:  -4.35%

High:                      42.03

Low:                       39.56