Ken Chigbo
Independent Analyst
- Litecoin price is trading in positive territory by 0.40 % in the session on Tuesday.
- LTC/USD subject to deeper falling following a rejection at $50, next major support eyed at $40.
- Price action has been narrowing within recent trading, ahead of a possible incoming breakout.
LTC/USD daily chart
Vulnerabilities remain tilted to the downside, given the bearish flag breach.
LTC/USD 60-minute chart
Near-term price action is moving within a bearish flag structure via the 60-minute chart view.
Spot rate: 41.51
Relative change: +.0.40%
High: 41.91
Low: 40.57
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