Ken Chigbo
Independent Analyst
- Litecoin price on Wednesday is underperforming, nursing losses of some 2% in the second half of the session.
- LTC/USD price action has formed a bullish flag pattern formation, subject to a breakout.
- The bulls have managed to push the price its highest level in over six sessions.
Spot rate: 79.44
Relative change: -1.95%
High: 82.29
Low: 78.92
LTC/USD 60-minute chart
- Price action is narrowing greatly within a triangular structure seen via the 60-minute chart view.
LTC/USD daily chart
- Over the last week or so price action has been within consolidation mode, having formed a bullish flag pattern formation, subject to a potential breakout higher.
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