Litecoin technical analysis: LTC/USD is stuck underneath bearish flag structure
|- Litecoin price is trading in the red in the session by some 1.10%.
- LTC/USD remains very much vulnerable to downside risks as it sits below the breached bear flag.
- Daily resistance should be noted at $55, where the lower acting trend line of flag is tracking.
LTC/USD daily chart
The current daily price action is flirting underneath the breached flag structure.
LTC/USD 60-minute chart
Price action is moving within an ascending wedge structure, subject to a potential breakout south.
Spot rate: 54.52
Relative change: -1.10%
High: 55.82
Low: 53.83
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.