Litecoin Technical Analysis: LTC/USD at risk to downside shocks
- Litecoin into the second half of Thursday's session is trading in the red by some 1%.
- LTC/USD price action via the 4-hour chart view is moving within a bearish pennant pattern.
- The psychological $100 mark remains at risk to attack by bears, should the noted technical structure play out.

Spot rate: 103.10
Relative change: -1.20%
High: 105.57
Low: 101.35
LTC/USD 4-hour chart
- Litecoin has formed a bearish pennant pattern via the 4-hour chart, subject to a potential breakout.
LTC/USD daily chart
- Price action via the daily chart view is still very much supported by an ascending trend line of support.
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.





