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sellers are back, LTC / USD broke short-term critical support

  • Litecoin's price fell by as much as 6%, in line with the strong sales pressure seen on the market.
  • LTC / USD stands out from a rising rising trend line, which has been at stake since the beginning of the week.

On Friday, Litecoin's price fell by a large 6.6%, moving in line with the general market pressure observed with cryptocurrencies. Sellers are trying to press for another week of losses, to continue the current bearish race.

The LTC / USD was supported on the upside by a rising trend line, which has been at stake since 25 November. The bears managed to pierce a hole in this support, opening the gate to another way of sellers.

Given the violation mentioned above, the next support will see the figure of $ 31.00. Further south, a drop below $ 30 would probably come into play if the previous area does not hold up, a question is seen between $ 29-28. Finally, the upward trend levels of the week, seen at half the region's $ 26, could therefore be threatened.

Chart 60 minutes LTC / USD

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