- Litecoin price is trading in positive territory by 0.05% in the session on Monday.
- LTC/USD bulls have forced a critical weekly closure above a prior high area.
- A bearish market structure has been broken down by the bulls.
LTC/USD weekly chart
The price was stuck within a bearish market structure, where lower highs were being produced. The prior high area was seen at around $65, which the bulls have managed to produce a weekly closure above.
LTC/USD daily chart
Price action is trading at the highest levels seen since September 2019, next major daily resistance area eyed between $78-80.
Spot rate: 69.85
Relative change: +0.05%
High: 72.95
Low: 69.07
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