- Litecoin price is trading in negative territory by -3.10 % in the session on Wednesday.
- LTC/USD moving in narrowing nature, upside limited to $40, support noted at $37.
- A flag structure remains present via the daily chart view, risk of a breakout to the downside.
LTC/USD daily chart
Trading conditions have been tight since the 13 March, following the heavy price falling, there has been a lack of market commitment since. There is more favour technically to see another drop.
LTC/USD 60-minute chart
Price action is closely flirting with an ascending trend line of support via the 60-minute chart view.
Spot rate: 38.99
Relative change: -3.10%
High: 39.23
Low: 37.54