Ken Chigbo
Independent Analyst
- Litecoin price is trading in negative territory by 7.30% in the session on Monday.
- LTC/USD is consolidating, which is making the price increasingly likely of a breakout.
- Critical support should be noted at $70, with upside capped at $84.
LTC/USD weekly chart
Price action has done nothing over the last three weeks, very much narrowing, subject to a decent breakout.
LTC/USD daily chart
The bulls are set to give up a three-session consecutive run higher, as the bears take control.
Spot rate: 9632.77
Relative change: -7.30%
High: 79.99
Low: 73.11
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