Home Litecoin Price Analysis: LTC/USD bears take control as price neared the $80-mark
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Litecoin Price Analysis: LTC/USD bears take control as price neared the $80-mark

FX Street
Published date:
  • LTC/USD fell from $77.15 to $74 this Monday.
  • The RSI indicator has dropped below the overbought zone.

LTC/USD daily chart

LTC/USD daily chart

LTC/USD had two bearish days during which the price corrected from $77.15 to $73. The RSI dipped below the overbought zone, Elliott Oscillator has had two consecutive red sessions. The MACD indicates a reversal of bullish momentum. All these indicators show that the bears presently have full control of the market. The price has found support on the upward trending line. XRP/USD is still hovering above the red Ichimoku cloud, SMA 20, SMA 50 and SMA 200.
 

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