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  • Litecoin price is trading in the green in the session by some 3.60%.  
  • LTC/USD remains very much vulnerable to downside risks as it sits below the breached bear flag.  
  • Should the daily press for a breakout and closure below $50, another wave of selling pressure may follow.  


LTC/USD daily chart

The current daily candlestick is being driven by the bears, smashing out from a bearish  flag pattern.  

LTC/USD 60-minute chart

Price action has smashed out from a bearish pennant structure in the session on Wednesday, a retest of the breached range in play.  



Spot rate:                   54.52

Relative change:       +3.40%

High:                          54.45

Low:                           51.60