LTC/USD bears attack again with fresh wave of selling pressure

  • Litecoin price is trading in the red in the session by some 1.20%. 
  • LTC/USD has broken out of a bearish pennant pattern, inviting another round of selling.
  • The price is trading at the lowest level in five sessions, as the bears maintain control. 
Fibo Quantum

 

LTC/USD daily chart

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

LTC/USD 60-minute chart

Smashes out of a near-term bearish pennant formation, as the price breaches the $45 mark. 

Spot rate:                 43.95

Relative change:      -1.20%

High:                         44.67

Low:                          43.90