Litecoin falls 4.22% to $58.33, nears $57.90 support
- —LTC at $58.33, down 4.22% on the day from a prior close of $59.75
- —Daily volume of $180.8 million is 55.68% below the 30-day average
- —Price is below the 7-day ($61.71) and 15-day ($64.64) SMAs but above the 90-day SMA at $53.92
- —RSI at 39.3, stochastic at 6.6, bearish MACD; the $57.90 daily low is the first support
Why it matters: A break below $57.90 on rising volume would raise the risk of a slide toward the 90-day SMA at $53.92, while a rebound needs a reclaim of the short-term averages.
Source: DiarioBitcoin