Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Litecoin Forum => Other Popular Cryptos / Coins => Litecoin News & Updates => Topic started by: MRM on September 09, 2020, 08:15:01 PM
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Litecoin now fluctuates above $45 after its recent fall on September 3. Buyers and sellers struggle for price possession above the current support.
The market participants are undecided about the direction of the market as the price fluctuates. It is possible for an upward movement of the coin if the coin makes a sharp rebound above the current support.
Expectantly, if the momentum extends above $60 or the EMAs, the upside momentum will resume. Conversely, sellers may attempt to push prices beyond the $45 support. If they are successful, the coin will decline to $39 low. Today, Litecoin is trading at $48 at the time of writing. There are indications that the coin may further decline.
Source: https://coinidol.com/litecoin-sellers-push-downside/