Litecoin Price Analysis: LTC/USD will only progress to a greater recovery if $40 is broken
|- Litecoin price is trading in negative territory by 4.15% in the session on Monday.
- LTC/USD has offered little in terms of price action since 13 March.
- Given the narrow conditions, it suggests a big breakout is in the works for Litecoin.
LTC/USD weekly chart
Despite narrowing price movements, the price has closed in the green marginally for two consecutive weeks.
LTC/USD daily chart
Price action remains narrow via the daily chart view, at risk of breakout south, moving within the bearish flag.
Spot rate: 38.66
Relative change: +4.15%
High: 39.55
Low: 37.11
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