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. 

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.

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