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  • 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