LTC/USD bears have tested critical support in the session

  • Litecoin price on Thursday is trading in negative territory by 0.18% in the second half of the session. 
  • LTC/USD price action is stuck within the confinements of a bearish flag formation.
  • The bears in the session have tested the lower acting trend line of the above-noted structure but holding for now. 

Spot rate:                  69.27

Relative change:      +3.70%

High:                         70.08

Low:                          68.41

LTC/USD daily chart

  • The price via the daily chart view is moving within a bearish flag formation, subject to a potential brekaout south. 

LTC/USD 60-minute chart

  • Price action is being supported by a near-term ascending trend line, tracking at the $68 mark. 

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