Litecoin Falls 6.42% to $50.86, Tests SMA-30
- —LTC fell 6.42% in 24 hours to $50.86
- —Support at SMA-30 of $50.82 and the 38.2% Fibonacci level of $51.65
- —Trading volume 14.85% below the 30-day average
- —LTC is down 33.69% year-to-date but up 14.94% over 30 days
Why it matters: LTC's decline reflects broad altcoin risk-off: holding SMA-30 will determine whether the correction remains technical or turns into a trend reversal.
Source: DiarioBitcoin