- Litecoin price is trading in the red in the session by some 4.75%.
- LTC/USD bears are breaking out to the downside from a bearish flag structure.
- Given the above-noted breakout via the daily, 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
Price action has smashed out from a bearish pennant structure, seeing a wave of selling pressure.
Spot rate: 52.04
Relative change: -4.15%