Litecoin Technical Analysis: LTC/USD bears break out of flag structure
|- Litecoin price is trading in minor negative territory by some 1.10% in the session on Thursday.
- LTC/USD critical daily support should be noted at $40, which has cushioned the price for three running sessions.
- Trading conditions remain extremely narrow which is seen very much across the market.
LTC/USD daily chart
The bears are extending to the downside out from a flag structure, vulnerable to further downside pressure.
LTC/USD 60-minute chart
Price action via the 60-minute is testing a near-term demand zone to the downside, $41-42 range.
Spot rate: 41.00
Relative change: -1.25%
High: 41.60
Low: 40.94
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