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  • Litecoin price on Monday is trading in positive territory by 0.60% in the second half of the session.  
  • LTC/USD upside is going to be heavily capped by a strong prior support zone seen at $70.  
  • A long-running descending trend line has limited upside since 21 June.  

Spot rate:                   66.41

Relative change:       +0.45%

High:                          66.56

Low:                           65.03

 

LTC/USD daily chart

  • The bulls are attempting to stage a rebound following the break down of critical support at $70.  

LTC/USD 60-minute chart

  • Price action is stuck within a mundane range to a high of $67, down to a low of $62.