Grayhood, cryptographic trader, he said On X, that Litecoin currently has bears, emphasizing the constant weakness of the price. Over the past 24 hours, LTC has dropped by 2.8%, and candle charts reflect the noticeable move down.

As shown in the chart, to which he mentioned, LTC began about $ 89.00, but met with a edged decline, falling to $ 87.00 before a tiny recovery to $ 88.50. However, since then the price has dropped to USD 84, which indicates indefinite sales pressure in the tiny period.

Momentum disappears: RSI drifts towards the projection territory

According to Gayhoo, current technical indicators suggest that Litecoin can face a further minus, and many indicators compensate for the support of a tiny -term perspective. One of the main indicators is the relative force indicator (RSI), which seems to drift towards the territory of the equipment.

While such a move may indicate a potential reflection, Grayhoood warns that it also signals bears on the market. In addition to RSI, rush oscillators, such as the stochastic indicator and the freight channel index (CCI), also paint a gloomy image.

These tools are usually used to assess market reversal and continuous trends. In this case, both tilt towards further momentum, if a robust stubborn catalyst does not appear, especially since prices are fighting to maintain above the level of support 87 USD.

Miniature -term contrast decreases with annual profits in average movable LTC

The analyst also emphasized mixed perspectives of moving medium Litecoin, which is suggested by the market caught between tiny -term weakness and long -term potential. In the near future, medium tiny -term flashes flash. They result from recent negative LTC results, with a decrease in -9.0% over the past week and a decrease in -12.5% ​​over the past two weeks, painting a clear picture of the growing momentum and indefinite sales pressure.

However, long -term medium movable ones tell a different story. Despite recent failures, Litecoin has recorded a 2.3% enhance over the past year, which maintains a long -term trend technically stubborn. This discrepancy suggests that although tiny -term traders can react to immediate variability of prices and weaknesses, long -term investors could still see the value in assets, especially if wider market conditions stabilize or improve.

After saying, wider market moods are currently leaning from Bearish, burdened with Litecoin’s inability to maintain key support levels due to the recent price variability. Even with long -term growth ensuring a certain degree of optimism, the prevailing trend is defined by pressure and uncertainty down. As long as tiny -term indicators do not start adapting to the long -term stubborn structure, Litecoin can still face a tough environment.