LTC/USD bears have an opportunity to force greater downside


  • Litecoin price is trading in negative territory by 0.90% in the session on Thursday. 
  • LTC/USD has offered little in terms of price action since 13 March.
  • Given the narrow conditions, it suggests a big breakout is in the works for Litecoin.

 

LTC/USD daily chart

A bearish pennant structure continues to contain LTC/USD price action, as risks still point to the downside. 

 

LTC/USD 60-minute chart

A narrowing range block formation can be observed via the 60-minute chart view, the next breakout could be trend defining near-term. 

 

Spot rate:               38.90 

Relative change:  -0.90%

High:                     40.03   

Low:                      38.53   

 



Source link

Comments (No)

Leave a Reply