LTC/USD bearish flag structure spells potential trouble for the price

  • Litecoin price is trading in the red in the session by some -0.35%. 
  • LTC/USD is moving within the narrowest conditions seen since late October. 
  • The price is running at its fourth consecutive week in the red. 

LTC/USD daily chart

Price action remains stuck consolidating within a bearish flag structure via the daily. 

LTC/USD 60-minute chart

Near-term price action has smashed out from an ascending channel formation via the 60-minute. 

 

Spot rate:                 45.51

Relative change:      -0.35%

High:                         45.83

Low:                          45.13

 

Crypto Destroyer

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