Litecoin technical analysis:  LTC/USD $60 is proving to be a real problem

• Litecoin price is trading in the red, with losses of 1.70%   the session on Friday.
• LTC/USD daily price action has been limited for going on six sessions now.  
• The supply remains heavy around the $60 price territory.  

LTC/USD daily chart

Price action continues to struggle in the early $60 region, a lack of momentum to breakthrough.  

LTC/USD 60-minute chart

The price is moving within a narrowing range-block formation, nearing a potential breakout.    

Spot rate:                   57.43

Relative change:       -1.70%

High:                          59.00

Low:                           56.77