Litecoin falls 3.93% to $55.12, tests technical support levels
- —Price of $55.12 is below SMA-7, SMA-15 and SMA-30 but above SMA-200 at $52.12
- —Daily volume of $369.76 million, 39.54% above the 30-day average
- —RSI at 34.5 and stochastic at 21.0 approach oversold territory
- —LTC is down 18.45% on the month and 86.61% from its $411.64 peak
Why it matters: The drop on elevated volume with a bearish MACD signals risk of further downside toward the $52.12 SMA-200.
Source: DiarioBitcoin