Litecoin
Attempted to plan to exceed $88 during Monday’s trading period, but encountered a wall of sell orders close to that level.
Since then, the token has retreated to $85.21, down 3.17% since its peak at the meeting and 1.5% in the past 24-hour period. This stumbled upon the slim growth this week and set a new route for the Bulls on the sand.
The decline is when Bitcoin
Its dominance increases, while its volatility drops below 40 points in potential signs of potential action.
Technical Analysis Overview
The price of Litecoin has dropped significantly in the past 24 hours, selling for $3.05, or about 3.5%. According to Coindesk Research’s technical analysis data model, the token encountered stiff resistance between $88.00 and $88.42, with sellers intervening heavily, especially during trading hours in the evening.
After reaching its peak, LTC reversed lower and found new support for $85.37. The steepest decline accompanied the meeting’s highest trading volume exceeding 180,000 tokens, indicating a strong sense of bearishness.
Short-term trading saw additional volatility. In the last few hours of the deal, LTC soared from $85.65 to $86.05, an increase of 0.47%. But the momentum quickly reversed, reducing the price to $85.53 on another roll peak.
This fixed resistor is close to $86.05 and enhances the new support level to $85.37, with the end of the meeting, the price of Litecoin is $85.42. Traders are paying close attention to these levels to see if the asset will recover or decrease in the coming days.
