- 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 chart
- 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.
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