Litecoin dey face new selling pressure as uncertainty and weak technical dem dey drive bearish feeling below $87 support
Litecoin (LTC) dey show say e still get wahala and weakness as e price dey go bearish, drop under the important $87 support level. Market people bin talk before say the momentum no dey sure and direction no clear, dem dey look $96 resistance and Bitcoin Dominance (BTC.D) as possible signs for better movement. But now e look like people dey sell pass before—LTC fall 2.8% inside 24 hours, break the key technical support, come small recover then come dey go down again. Technical signs like RSI, Stochastic, and CCI dey talk say e fit fall more, plus short-term moving averages dey give strong sell signals. For the past one week and two weeks, LTC lose 9% and 12.5% respectively, show say the bearish trend still dey strong. Even though e get small gain for the past year wey make the long-term structure look bullish, traders feeling still dey negative because of the recent weakness and market shakiness. Traders suppose dey watch the $87 support, $96 resistance, plus signals from BTC.D and overall market to sabi wetin LTC go do next. Until the short-term technicals better, shakiness and wahala fit continue.
Bearish
Litecoin don show say e weak steady, as e break waka down below the main $87 support sharply, confirm say sellers dey press am well well and no sign say e go rise soon. Technical indicators like RSI and short-term moving averages still dey show say short-term bearish outlook strong. Even though long-term trend still dey technically bullish, the immediate market feeling plus trading signals dey show say e get risk to go down more and the market go still dey volatile. Unless Litecoin regain power and key technical level, traders suppose expect say uncertainty go continue and price fit still drop further.