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  • Litecoin price is trading in the red in the session by some 1.10%.  
  • LTC/USD remains very much vulnerable to downside risks as it sits below the breached bear flag.  
  • Daily resistance should be noted at $55, where the lower acting trend line of flag is tracking.  

 

LTC/USD daily chart

The current daily price action is flirting underneath the breached flag structure.  

LTC/USD 60-minute chart

Price action is moving within an ascending wedge structure, subject to a potential breakout south.  

 

Spot rate:                   54.52

Relative change:       -1.10%

High:                          55.82

Low:                           53.83