Litecoin Technical Analysis: LTC/USD $60 is protected for now but bears are testing

• Litecoin price in the latter part of Monday’s session is trading in minor negative down 0.45%.
• LTC/USD has been moving within a narrowing range-block since 15th March.  
• Key near-term buying protecting the price ahead of a bearish retest of $60 area.  

Spot rate:                  60.69

Relative change:       -0.42%

High:                          61.26

Low:                           60.35

Trend:                        Neutral/Bearish

LTC/USD 60-minute chart

• Near-term demand zone around the $61-60 range is preventing the price from free-falling.  

LTC/USD daily chart

• Narrowing via the daily chart view can be observed, a range high of $63 and a low of $57.