- LTC/USD went down from $77.85 to $73 so far this Thursday.
- Litecoin drops back into the 20-day Bollinger Band following bearish correction.
LTC/USD bears have taken full control of the market. In the process, they have negated all the progress made by the bulls in the last two days. In the process, the price has gone down from $77.85 to $73 this Thursday. The hourly breakdown of LTC/USD shows us that the price went up to $80-region this Wednesday before it plummeted to $73.
LTC/USD daily chart
The price of LTC/USD has dropped back into the 20-day Bollinger Band following bearish correction. The price crept below the 50-day Simple Moving Average (SMA 50) curve, while it’s still above the SMA 20 curve. The Moving Average Convergence/Divergence (MACD) indicator shows increasing bullish momentum. The Relative Strength Index (RSI) indicator has dropped from 63.50 to 50.80.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.