Litecoin technical analysis: LTC/USD remains exposed to downside risks despite small session gains
|- Litecoin price is holding gains in the session some 2.90% towards the latter stages of the session
- LTC/USD is moving within a bearish pennant structure despite the gains seen in the session.
- Upside remains limited given a narrowing range, resistance observed at the pychological $60.
LTC/USD daily chart
Price action is moving within a bearish pennant structure via the daily chart view.
LTC/USD 60-minute chart
The price via the 60-minute view is trading within narrow conditions, a range-block formation can be observed.
Spot rate: 55.46
Relative change: -2.40%
High: 55.89
Low: 52.60
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