$LTC The price columns of LTC are positioned above the horizontal lines of moving averages and have long wicks. Long wicks of the candles indicate significant selling pressure at higher price levels.
What will be the next step for Litecoin?
Litecoin falls below the moving average, there is a risk of further decline below $116. The altcoin fluctuates above the current support at $116, but below the moving average lines. If the current support level is broken, the cryptocurrency price will decrease. It is expected that the altcoin will continue to fall to a minimum of $112. The signal is negative, as the altcoin is trading in a bearish trend zone.
