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  • 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