Litecoin has fallen just over 3% as general cryptocurrency sentiment falls. There has been a technical formation break on the hourly chart to the downside. On the hourly chart below you can see that the triangle formation has been breached to the downside following some price weakness. Although the price did fall, it seems that the support level of 53.86 managed to stem the losses and provide some relief. This break does mean price has made a lower high and lower low wave indicating price may fall further. The relative strength index (RSI) is also showing signs of weakness as it trades below the 50 line and looks to be heading to the oversold zone. On the larger timeframes, the charts are very bearish and it seems like this could be a resumption in the underlying trend. 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 USD/CAD continues to trade above 1.33 despite USD weakness FX Street 3 years Litecoin has fallen just over 3% as general cryptocurrency sentiment falls. There has been a technical formation break on the hourly chart to the downside. On the hourly chart below you can see that the triangle formation has been breached to the downside following some price weakness. Although the price did fall, it seems that the support level of 53.86 managed to stem the losses and provide some relief. This break does mean price has made a lower high and lower low wave indicating price may fall further. The relative strength index (RSI) is also showing signs of… 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.
