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  • Litecoin price is trading in minor negative territory by some 1.10% in the session on Thursday. 
  • LTC/USD critical daily support should be noted at $40, which has cushioned the price for three running sessions. 
  • Trading conditions remain extremely narrow which is seen very much across the market. 

 

LTC/USD daily chart

The bears are extending to the downside out from a flag structure, vulnerable to further downside pressure. 

LTC/USD 60-minute chart

Price action via the 60-minute is testing a near-term demand zone to the downside, $41-42 range.  

Spot rate:                   41.00

Relative change:      -1.25%

High:                          41.60

Low:                           40.94