Last week, Litecoin price saw a spike down from around the 1.60 area down to parity (1.00), which is a new low on the year. The 1H chart shows that after the spike price essentially rebounded back to 1.60 but started drifting lower again. (click to enlarge) Overall, the price action in litecoin has remained the same – bearish with low volatility.
1) The 200-, 100-, and 50-hour SMAs are sloping down and in bearish […]
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