Litecoin technical analysis: LTC/USD is sitting just above critical support of a flag structure to the downside

Litecoin price on Monday is trading in positive territory by 0.70% in the second half of the session.
LTC/USD continues to move within a bearish flag structure, as the price sits just above the lower acting trend line.
Litecoin versus is peers is somewhat outperforming, as the market is generally trading in the red.

Ken Chigbo Independent Analyst

Spot rate: 75.15

Relative change: +0.70%

High: 74.19

Low: 71.65

LTC/USD daily chart

Price action via the daily chart view is moving within a bearish flag structure, subject to a potential breach.

LTC/USD 60-minute chart

LTC/USD via the 60-minute chart view is heading back for a retest of a breached range, $72.50-71.50.

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.

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