Markets· ★★· bearish·

Litecoin falls 2.57% to $56 on volume 39% above average

  • —LTC trades at $56.02, down 2.57% on the day
  • —Volume of $368.2 million is 39.13% above the 30-day average
  • —RSI at 36.6 and bearish MACD point to weak momentum with no reversal signal
  • —Price sits below the 7-, 15-, 30- and 50-day SMAs but above the 90- and 200-day
Why it matters: A break below $53.23 support would add selling pressure, while a reclaim of $57.32–$58.69 would restore a neutral setup.
Source: DiarioBitcoin