- Crypto sentiment remains weak on the last trading day of the year.
- LTC/USD is 1.66% lower today and we are looking to see if the trendline retest will hold.
LTC/USD Daily Chart
Litecoin did break the trendline but the bearishness has kicked back in during the holiday season.
The LTC/USD price is still under the 55 and 200 daily EMA's which is a bearish sign.
The RSI is also in a bearish zone under the 50 mid-line but a bullish divergence may be forming.
The key support is 35.88 as if it breaks the price will make a new wave low.
Longerterm the trend looks set to continue and there the only sign of a bullish reversal is the trendline break.
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Additional Levels
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