Litecoin Analysis: LTC Needs to Hold Above $87 for Bullish Outlook2

The price of Litecoin has started decreasing with strong momentum with a decrease made of over 18% from yesterday’s high. This could indicate that the price entered the seller’s territory as it came up spiking impulsively close the next significant resistance point.

There is still a possibility of another wave to the upside which is soon to be verified from the price levels, namely if the price manages to hold above the current levels but it looks more likely that the expected downturn has started.

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