LTC/USD heading for a critical supporting trend line test

  • 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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