$LTC 1D TF Analysis:
Litecoin recently underwent a notable downward shift, breaching a prominent uptrend on the daily timeframe and leading to a pronounced decline. Currently, LTC seems to be in the process of shaping a bearish flag pattern, reinforcing the likelihood of continued downside momentum. Bearish flag patterns generally indicate a continuation of the preceding downtrend. Consequently, there is an expectation that LTC will break beneath the flag pattern, potentially initiating further selling pressure. Traders and investors are advised to exercise caution, carefully observing both price movements and volume to validate the anticipated breakout direction.
