Litecoin technical analysis: LTC/USD dangerous bearish flag structure subject to a potential breakout

• Litecoin price on Thursday is trading in negative territory by 2.25% in the second half of the session.  
• LTC/USD price action via the daily chart view is moving within a bearish flag pattern formation.  
• The price is moving within a narrowing range-block formation via the near-term view.  

Spot rate:                   69.27

Relative change:       +3.70%

High:                          68.17

Low:                           65.14

LTC/USD daily chart

• The price via the daily chart view is moving within a bearish flag formation, subject to a potential brekaout south.  

LTC/USD 60-minute chart

• Price action is moving within a narrowing range-block formation, via the 60-minute chart view.