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

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  • 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. 

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