- Litecoin price is trading in positive territory by 10.60% in the session on Monday.
- LTC/USD has recently exploded out from a narrowing range formation.
- Heavy supply observed around the $40 price area, which could limit upside.
LTC/USD weekly chart
The price broke below, retested and has rejected a critical trend line of support, leaving LTC vulnerable.
LTC/USD daily chart
A bearish pennant structure can be observed via the daily chart view.
Spot rate: 40.18
Relative change: +10.60%