LTC/USD enjoys temporary relief from bear attack

Fibo Quantum

  • Litecoin price is trading in negative territory by +4.95% in the session on Tuesday. 
  • LTC/USD is moving within a narrowing nature, pennant pattern subject to a breakout. 
  • The price has been consolidating for going on five sessions now, following a strong bear attack.

 

LTC/USD 4-hour chart

Danger still looms for LTC/USD as the price moves within the confinements of a bearish pennant structure, via the 4-hour view. 

LTC/USD 60-minute chart

Price action has edged out of a bearish flag structure at risk of further downside pressure.

 

Spot rate:                35.05

Relative change:    +4.50%

High:                        36.06

Low:                         32.59