Litecoin technical analysis: LTC/USD narrowing daily range subject to a potential explosive breakout

• Litecoin price on Monday is trading in the red, nursing losses of around 2.5%.
• LTC/USD price action via the daily is moving within a narrowing $10 range, subject to a breakout.
• Bulls must make a breakout from $130-140 range, which could open the door to stronger buying pressure.

Spot rate:                  133.48

Relative change:       -2.45%

High:                          137.25

Low:                           132.19

LTC/USD 60-minute chart

• Conditions via the 60-minute are tight, which would suggest an imminent breakout.

LTC/USD daily chart

• Price action via the daily is narrowing within a range of $130-140.