Litecoin Technical Analysis: LTC/USD $60 is protected for now but bears are testing

  • Litecoin price in the latter part of Monday's session is trading in minor negative down 0.45%.
  • LTC/USD has been moving within a narrowing range-block since 15th March. 
  • Key near-term buying protecting the price ahead of a bearish retest of $60 area. 

 

Spot rate:                 60.69

Relative change:      -0.42%

High:                         61.26

Low:                          60.35

 

Trend:                       Neutral/Bearish

LTC/USD 60-minute chart

  • Near-term demand zone around the $61-60 range is preventing the price from free-falling. 

LTC/USD daily chart

  • Narrowing via the daily chart view can be observed, a range high of $63 and a low of $57. 

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