Ken Chigbo
Independent Analyst
- Litecoin price on Thursday trading down with losses of some 1.15% in the latter part of the session.
- LTC/USD price action Iis currently retesting a breached bullish flag/pennant structure.
- Should the upper part of the flag/pennant hold its course, then further buying pressure may be in store for Litecoin.
Spot rate: 60.94
Relative change: -1.31%
High: 61.79
Low: 60.61
Trend: Bearish/Neutral
LTC/USD 60-minute chart
- Near-term buying protecting the price from falling back down below the $60 mark.
LTC/USD daily chart
- Price is set for a retest, completing a breakout and retest of the bullish flag/pennant structure.
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