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  • Litecoin price is trading in the red in the session by some 4.75%.  
  • LTC/USD bears are breaking out to the downside from a bearish flag structure.  
  • Given the above-noted breakout via the daily, the psychological  $50 mark is likely in the sights of the bears.  


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, seeing a wave of selling pressure.  


Spot rate:                   52.04

Relative change:       -4.15%

High:                          59.49

Low:                           55.37