On the hourly chart, we see that the quotes are moving down once the Head and Shoulders pattern is formed. LTC could not hold the $88 level, and bears pushed the coin below the support zone.
The current price of Litecoin does not look the bottom, the rate may go down to one more critical level at $84, after which the bounce back is likely to happen. The decreasing trading volumes are about to update their local minima, which serves the confirmation of the price drop.
The current price of Litecoin does not look the bottom, the rate may go down to one more critical level at $84, after which the bounce back is likely to happen. The decreasing trading volumes are about to update their local minima, which serves the confirmation of the price drop.
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