- 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%