Litecoin drops 4.17% to $59.39, tests key support levels
- —Price fell to $59.39 from a $61.98 open, daily range $58.73–$62.05
- —Daily volume of $261.9M is 35.53% below the 30-day average
- —RSI at 39.3 and stochastic at 4.9 point to weakness and oversold conditions
- —Price sits below SMA-7, SMA-15 and SMA-30 but above SMA-50 at $59.18
Why it matters: Holding the $59.18 support will determine whether LTC's 90-day gain of 30.6% survives or a deeper correction begins.
Source: DiarioBitcoin