- Litecoin price is trading in the green, with gains of 6.50% the session on Monday.
- 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
Chunky buying pressure came into play, as the bulls broke out from a pennant structure.
LTC/USD 60-minute chart
In addition to the noted pennant structure, the price made a clear breach of a narrowing range block via the 60-minute view.
Spot rate: 62.15
Relative change: +6.50%
High: 62.86
Low: 58.01
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