Litecoin Price Analysis: LTC/USD $55 breach may prove to be very punishing
|- Litecoin price is trading in negative territory by some -5.70% in the session on Thursday.
- LTC/USD range of $60 to the high, $55 to the low, at high risk of a breach.
- The next major supports to the downside see at; $50, $44 and $40.
LTC/USD daily chart
Looking via the daily chart view, rallies for LTC/USD continue to be sold by the bears.
LTC/USD 60-minute chart
LTC/USD via the 60-minute chart view, like many of its peers, is breaking out to the downside from a bearish flag pattern.
Spot rate: 57.28
Relative change: -5.75%
High: 59.15
Low: 57.08
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