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.
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