Litecoin technical analysis: LTC/USD danger still lurks for the price
|- Litecoin price on Monday is trading in negative territory by 0.15% in the second half of the session.
- LTC/USD price action is moving within a very narrow range, capped by the $70 region.
- The price has formed a bearish technical structure via the daily, flag pattern, subject to a breach.
Spot rate: 70.11
Relative change: -0.15%
High: 71.99
Low: 69.55
LTC/USD daily chart
- Price action via the daily chart view is trading within a bearish flag pattern, vulnerabilities are tilted to the downside.
LTC/USD 60-minute chart
- LTC/USD via the near-term view breached an ascending trend line of support, a retest appears to be in play, a rejection could invite another wave of selling pressure.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.