Ken Chigbo
Independent Analyst
- Litecoin price is trading in positive territory by 1% in the session on Monday.
- LTC/USD is being capped by a large barrier seen at the $60 price mark.
- The bulls as seen across the other major altcoins have regained control.
LTC/USD weekly chart
Price action via the weekly chart view has been within a bearish market structure. The bulls must break down the prior extreme high area in November up at around $60.
LTC/USD daily chart
The daily chart view has seen a breakout and extension to the upside from a bullish flag structure.
Spot rate: 54.97
Relative change: +5.50%
High: 59.33
Low: 55.86
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