*As at press time LTC/USD exchanged at $44.13 after a 3.00 percent decline from $46.20 (intraday high)
*The spot price for the Litecoin (LTC) stays lower from its $50 May tops before Bitcoin halving
*Litecoin (LTC) is being authorized as a payment processor to buy the latest Atari VCS gaming console
LTC/USD Daily Chart: Ranging
LTC/USD Daily Chart
Significant downward price action may lead in a further inflated shift, as the long positions may begin to untangle. This week, given the sudden bearish shifting from the $51.00 resistance area, Litecoin seems to be at risk of further potential losses. The technical analysis reveals that the LTC/USD pair may discover persistent weakness under the $45.00 mark as a bear market.