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  • Litecoin price is trading in the red in the session by some 8.70%.  
  • LTC/USD sees a fresh bout of selling pressure as price breaks and retest bear flag.  
  • The price sees the biggest daily fall in around four weeks, as bears pile in.  


LTC/USD daily chart

Price action was consolidating after a breach from bearish flag structure, the retest invited another bout of selling.

LTC/USD 60-minute chart

The price has breached out of an ascending wedge structure and additionally a pennant  via the 60-minute chart.  


Spot rate:                   48.87

Relative change:       -8.70%

High:                          55.16

Low:                           53.48