Litecoin drops 6.32% to $58.18, tests key support levels
- —LTC trades at $58.18, down 6.32% from its $62.00 open
- —Price is below SMA-7, SMA-15, SMA-30 and SMA-50 but above SMA-90 and SMA-200
- —Daily volume of $309.3 million is 24.41% below the 30-day average
- —RSI at 37.1 and stochastic at 5.5 do not confirm a bullish reversal
Why it matters: LTC's weakness mirrors broad risk-off sentiment in crypto; holding the SMA-90 and SMA-200 keeps medium-term support intact for now.
Source: DiarioBitcoin