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  • LTC/USD bears took down the value of the market by a whopping 5%.
  • Bulls need to defend $36.50 support line with everything that they have.

LTC/USD market experienced a complete takeover by the bears as the overall price went down by a whopping 5%, based on market speculation. Currently, the market sits on the $41.50 support line, but downward momentum may bring it even lower.

LTC/USD daily chart

The LTC/USD daily chart shows us that the bears have taken the value below the $41.50 support line. Critical support line at $36.50 will be the next in their sights. It is vital for bulls to get together as one and defend that level. The moving average convergence/divergence (MACD) graph shows a decreasing bullish sentiment.