- Litecoin price is nursing losses in the session down just some 3.20% towards the latter stages of the session
- LTC/USD lost much ground to the downside following a flag and critical long-serving trend line breach.
- The price does remain vulnerable to a $50 return, should the bears resume pace of selling.
LTC/USD daily chart
A critical trend line was breached by the bears, it has been in play since the back-end of 2018.
LTC/USD 60-minute chart
The price is set to break out from a bearish pennant structure via the 60-minute chart view.
Spot rate: 55.41
Relative change: -3.20%
High: 57.60
Low: 55.98