Litecoin Technical Analysis: LTC/USD breaching critical ascending trend line of support

• Litecoin price on Wednesday is trading in negative territory, nursing losses over 2%.  
• LTC/USD price action via the daily is breaching a key near-term ascending trend line.
• 15-minute chart view shows a bearish pennant structure, inviting further potential selling.  

Spot rate:                   74.11

Relative change:       -2.25%

High:                          79.51

Low:                           72.29

LTC/USD 15-minute chart

• Near-term bearish pennant can be eyed via the 15-minute chart view, subject to a potential breakout south.  

LTC/USD daily chart

• Price action via the daily is breaking out to the downside from a critical ascending supporting trend line.