Litecoin Technical Analysis: LTC/USD remains at risk of losing the entire run of gains

Litecoin price on Tuesday is trading in negative territory down some 2.15% in the latter part of the day.
LTC/USD continues to drift further away from the psychological $100 mark.
The price remains somewhat vulnerable to potentially giving back the recent run of gains.

Ken Chigbo Independent Analyst

Spot rate: 87.46

Relative change: -2.15%

High: 89.80

Low: 84.02

LTC/USD 60-minute chart

Price action is moving within consolidation mode, the confinements of a triangular structure pattern.

LTC/USD daily chart

Bulls ran out of upside momentum after attempting to reclaim the $100 price mark.

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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