LTC Price Forecast: Resistance Rejection Sparks Bearish Wave in Litecoin

LTC Price Forecast: Resistance Rejection Sparks Bearish Wave in Litecoin

Litecoin (LTC) is expected to take a nosedive to $83 as analysts spot a bearish formation on its price chart.  Breaking above the $96 level could also lead to a “smooth ride” to $100 and subsequently to $107.  Litecoin (LTC), one of the most undervalued digital assets, has shown the formation of a “classic dead-cat bounce pattern” as it prints losses across four of the five major trading sessions. According to our market data, the asset failed t…

Litecoin Price Dips as Bearish Sentiment Deepens

Litecoin (LTC) is facing renewed selling pressure, with its price sliding 3.59% over the past 24 hours to $89.26, according to CoinMarketCap. The decline follows a brief peak at $94.01 before market volatility pushed LTC to a low of $88.24. Although the coin bounced back slightly, its technical indicators suggest further downside could be ahead. The Bollinger Bands indicator shows that Litecoin has breached its 20-day moving average, signaling a…