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  • Litecoin price is trading in the green in the session by some 4.50%.  
  • LTC/USD bulls have broken  out from a narrowing range-block formation,  
  • Price action is capped to the upside at $58 and supported the downside at $54, within tight conditions.  

 

LTC/USD daily chart

The current daily has made a breach from a range that had contained the price since 25 September.  

LTC/USD 60-minute chart

The price encountered  much buying pressure following a brekaout  of a bullish flag pattern.  

 

Spot rate:                   57.15

Relative change:       +4.50%

High:                          60.12

Low:                           56.72