Litecoin technical analysis: LTC/USD bears attack again with fresh wave of selling pressure
|- Litecoin price is trading in the red in the session by some 1.20%.
- LTC/USD has broken out of a bearish pennant pattern, inviting another round of selling.
- The price is trading at the lowest level in five sessions, as the bears maintain control.
LTC/USD daily chart
Price action remains stuck consolidating within a bearish flag structure via the daily, breakout eyed.
LTC/USD 60-minute chart
Smashes out of a near-term bearish pennant formation, as the price breaches the $45 mark.
Spot rate: 43.95
Relative change: -1.20%
High: 44.67
Low: 43.90
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