Bears have stomped on all bullish expectations as the expected bullish double bottom gets transformed into a bearish Triple Top pattern. The sell-off can be partly attributed to the profit booking in the leading cryptocurrency , Bitcoin. Each Litecoin is currently worth $1.97 and the price may head lower from here on. Image: https://www.tradingview.com/x/tJjcQlt5/ Technical analysis implemented on the 240-minute LTC/USD price chart connotes that the value of each Litecoin may drop to $1.88.
Bearish […]
