Litecoin Price Fit Fall Under $104 Wit Aim at $91.6
Litecoin price don fall under both di 21-day and 50-day simple moving averages after e no fit hold above $120, wey mean say bearish momentum dey continue. Litecoin price drop go $102 and now e dey trade around $105 near key support for $104. As di 21-day SMA cross under di 50-day SMA and price bars dey negative, di technical indicators confirm say di bearish trend still strong. Immediate resistance dey for $106 and $120, while di next downside target na di 2.0 Fibonacci extension near $91.6. Traders dem suppose watch for strong break below $104 to confirm more selling pressure, volume and candlestick patterns go dey give key signals for possible short-term bounce or deeper fall.
Bearish
Di report tok show say di bearish momentum still dey continue both for short term and long term. When e break below di main moving averages dem and di immediate support levels, e mean say di sellers still get control, e fit push Litecoin go di $91.6 Fibonacci extension target. For short term, if e no fit hold $104, e fit cause faster decline, and if e bounce, e go likely stop by di 21-day SMA wey stay near $106 before e face strong resistance for $120. For long term, di death cross formation and di constant negative price bars dey show say deeper downside risk still dey till Litecoin price go break back pass im big moving averages dem.