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  • Litecoin  price in the second half of Monday is trading in the red by some 3.50%, as the bears continue drawing blood.  
  • LTC/USD is stuck within a descending wedge pattern formation, there may eventually be room for a breakout higher.  
  • Should the price continue falling, there is chunky demand seen from $65.00-60.00 range.  

 

Spot rate:                  67.32

Relative change:      -3.50%

High:                         69.63

Low:                          66.02

 

LTC/USD 60-minute chartimage.gif
  • LTC/USD via the 60-minute chart view smashed out from a bearish pennant pattern formation, subject to a retest underneath.  

LTC/USD daily chart

  • Price action via the daily stuck within a descending bearish wedge formation, there may be room for a potential breakout.