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  • Litecoin price in the second half of the session on Monday is trading up with chunky gains of 5%.
  • LTC/USD bulls are running at their fifth consecutive session of gains, over 40% within the period.
  • Price action was moving within a narrowing triangular structure, the bulls forced an aggressive escape from its confinements.

 

Spot rate:                

Relative change:   +5.32%

High:                       118.96

Low:                        111.48

 

LTC/USD 60-minute chart

  • Price action has broken out from a bullish pennant pattern formation, inviting another wave of buying pressure.

LTC/USD daily chart

  • The bulls are running at five consecutive sessions with gains, over 40%, as the price maintains its strong recovery.