Ken Chigbo
Independent Analyst
- Litecoin price is trading in the red, with losses of 2.75% the session on Monday.
- LTC/USD is back within the control of the bears after a decent three-week run higher.
- Critical support at the $60 price mark has been breached, which allowed a fresh wave of selling.
LTC/USD weekly chart
Price action via the weekly chart view broke out from a bearish flag pattern.
LTC/USD daily chart
The price is testing a critical daily demand zone, $57-56 range.
Spot rate: 57.63
Relative change: -2.75%
High: 59.32
Low: 57.26
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