Litecoin technical analysis: LTC/USD big task for the bulls if they want to break back above $70
|- Litecoin price on Monday is trading in positive territory by 0.60% in the second half of the session.
- LTC/USD upside is going to be heavily capped by a strong prior support zone seen at $70.
- A long-running descending trend line has limited upside since 21 June.
Spot rate: 66.41
Relative change: +0.45%
High: 66.56
Low: 65.03
LTC/USD daily chart
- The bulls are attempting to stage a rebound following the break down of critical support at $70.
LTC/USD 60-minute chart
- Price action is stuck within a mundane range to a high of $67, down to a low of $62.
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