Litecoin Price Analysis: LTC/USD explosive breakout eyed
- Litecoin price is trading in negative territory by 3.10% in the session on Wednesday.
- LTC/USD bulls giving up ground after two straight days in the green.
- A critical range breakout is nearing, but the price could still very much go either way.

LTC/USD daily chart
A bearish flag structure is viewable via the daily chart, which if capitalized on by the bears, will spark another round of selling.
LTC/USD 60-minute chart
Price action via the 60-minute chart view has breached a near-term critical trend line of support. It can now be seen consolidating within a bearish flag structure, at risk of breach south.
Spot rate: 39.06
Relative change: -3.10%
High: 41.15
Low: 38.22
Author

Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.





