- Litecoin price is trading in the red in the session by some 4.15%.
- LTC/USD bears are breaking out to the downside from a bearish flag structure.
- Given the above-detailed breach, the psychological $50 mark is likely in the sights of the bears.
LTC/USD daily chart
The current daily candlestick is being driven by the bears, smashing out from a bearish flag pattern.
LTC/USD 60-minute chart
The bears are testing a critical near-term ascending trend line of support, subject to a potential breakout south.
Spot rate: 54.55
Relative change: -4.15%