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LTC/USD Update: Bulls and Bears wrestling around $90 after sharp drop

  • Price went down to $85 within two hours.
  • The entire crypto market is plummeting.
LTC/USD Update: Bulls and Bears wrestling around $90 after sharp drop
Rajarshi MitraRajarshi MitraIndependent Analyst

LTC/USD went down from $96 to $85 within two hours. The bulls have now taken control of the market to push the price back into the $90-range as the asset is currently oscillating around $90.  On the downside, critical support levels lie at $88, $84, and $79. The bulls will need to make sure that the price doesn’t fall below $80, to stop any further downward movement.

LTC/USD Daily Chart


 

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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