Litecoin trades 6.27% below its October 8 open
- —LTC at $63.24: down 6.27% from the $67.48 open and 1.80% from the $64.39 close
- —Daily volume of $456.47 million is 13.50% above the 30-day average
- —RSI at 48.2 and a negative MACD signal short-term weakness, not oversold conditions
- —Price sits below short-term SMAs but above the 30-, 50-, 90- and 200-day SMAs
Why it matters: LTC still holds above its long-term averages, but losing short-term SMAs on rising volume raises the risk of a break below the $61.15 intraday low.
Source: DiarioBitcoin