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  • 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