Litecoin Technical Analysis: LTC/USD at risk to downside shocks
|- Litecoin into the second half of Thursday's session is trading in the red by some 1%.
- LTC/USD price action via the 4-hour chart view is moving within a bearish pennant pattern.
- The psychological $100 mark remains at risk to attack by bears, should the noted technical structure play out.
Spot rate: 103.10
Relative change: -1.20%
High: 105.57
Low: 101.35
LTC/USD 4-hour chart
- Litecoin has formed a bearish pennant pattern via the 4-hour chart, subject to a potential breakout.
LTC/USD daily chart
- Price action via the daily chart view is still very much supported by an ascending trend line of support.
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