LTC/USD narrowing conditions call for breakout

  • Litecoin price is holding minor gains in the session some 0.70%. 
  • LTC/USD is moving within a very narrowing range-block structure, edging towards a breakout. 
  • Price action is capped to the upside at $58 and supported the downside at $54.

 

LTC/USD daily chart

Over the last 10 sessions, the price has been stuck within a range of $4, an imminent range escape is eyed. 

LTC/USD 60-minute chart

The price via the 60-minute view is moving within a very tight range-block, a lack of commitment as the price consolidates. 

 

Spot rate:                  56.82

Relative change:      +0.70%

High:                         57.25

Low:                          55.37

 

 

Crypto Destroyer

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