Litecoin stays in range even as bears increase their grip across the board. Litecoin is bearish in the short-term especially with the RSI grinding lower. Spot rate: $54 Relative change: -0.8348 Percentage change: -1.52% Open: $55.01 High: $55.01 Trend: Bearish LTC/USD daily chart Litecoin is grinding closer to a falling wedge pattern likely to correct the extended downtrend. The zone at $50-53 becomes a viable support area capable of halting massive declines. LTC/USD four-hour chart The rectangle pattern formed suggests increasing bearish control and a possible fall towards $20. Litecoin has a bearish bias in the short-term based on the Relative Strength Index (RSI). LTC/USD one-hour chart An ongoing retracement is likely to break the short-term trendline support. The upside is limited by the 21 Simple Moving Average (SMA) while the downside is supported by the 50 SMA. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next AUD/USD sits near 1-month tops, above mid-0.6800s FX Street 3 years Litecoin stays in range even as bears increase their grip across the board. Litecoin is bearish in the short-term especially with the RSI grinding lower. Spot rate: $54 Relative change: -0.8348 Percentage change: -1.52% Open: $55.01 High: $55.01 Trend: Bearish LTC/USD daily chart Litecoin is grinding closer to a falling wedge pattern likely to correct the extended downtrend. The zone at $50-53 becomes a viable support area capable of halting massive declines. LTC/USD four-hour chart The rectangle pattern formed suggests increasing bearish control and a possible fall towards $20. Litecoin has a bearish bias in the short-term based on the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
