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  • 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.