fxstreet.com 23 Feb, 2021 12:45 am

LTC breakdown is just getting started, targets $150

LTC breakdown is just getting started, targets $150
Litecoin recently abandoned the journey to all-time highs following a barrier slightly under $250. The correction has proved difficult to stop, with L

Meanwhile, the altcoin is testing support at $180 while declines toward $150 beckon.Support at $180 is key to resuming the uptrend.Litecoin IOMAP chart Looking at the other side of the picture If support at $180 remains intact, Litecoin will invalidate the bearish outlook and favor a recovery toward $180.Recovery seems a farfetched idea, particularly with the weak support levels.

The correction has proved difficult to stop, with Litecoin losing various tentative support levels like $220 and $200.A dive below the mean line signifies increasing selling pressure.

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