![]() In recent days, the price action has been swinging in between the $141 support and $166. We have not really seen any rally ever since.Īt the time of reporting, LTC was trading at $151. At one point, it plummeted 51% to hover around its $141 support. After hitting highs of $296 in late October, the coin has just nosedived. ![]() It’s been a bitter-sweet rollercoaster for Litecoin over the past three months or so. However, the current price is below crucial EMAs, meaning the bearish downtrend is still on.ĭata Source: Litecoin (LTC) – price action and analysis Relative Strength Index or RSI shows a bullish divergence that hints are possible growth. In recent weeks, LTC has been swinging between $141 and $166, suggesting price consolidation. However, some bullish RSI divergence suggests an upward rally is not far away. As a result, LTC was in for a route, plummeting to nearly $140 from its October and early November highs of $296. And then came the crypto winter, where bearish sentiment in the wider market took hold. It appears at the time that a short-term downtrend was well on course. In mid-November, Litecoin (LTC) was hit by a minor correction against the US dollar.
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