Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Litecoin Forum => Other Popular Cryptos / Coins => Litecoin News & Updates => Topic started by: Rockalo on October 14, 2021, 03:54:28 PM
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Today, the price of Litecoin (LTC) fell below the 50-day line SMA while the altcoin fell to a low of $166. The downtrend will resume if the bears break the 21-day line SMA. The current selling pressure is due to the failure of the bulls to overcome the $186 resistance level.
Last week, Litecoin consolidated above the moving average for a potential breakout. Meanwhile, altcoin is moving above the $166 support, and it will continue its downward correction if the current support holds. On the other hand, the market will continue to fall to a low of $139 if the 21-day line SMA is broken. In the meantime, the LTC price is trading between the moving averages. More information please click here
(https://coinidol.com/litecoin-166-low/)