- Litecoin price on Monday is trading in the green, up some 2.00%.
- LTC/USD price action is moving within consolidation mode, having formed a bearish pennant structure.
- Critical near-term demand at the $70 price mark is helping keep the price from further downside pressure.
Spot rate: 73.62
Relative change: +2.40%
LTC/USD daily chart
- Price action moving within a bearish pennant structure, subject to a breach.
LTC/USD 60-minute chart
- Upside is capped by supply around the $75 price region, downside supported at $70.