Litecoin support
Litecoin (LTC) is currently testing a crucial support level at $93 as the broader cryptocurrency market experiences a significant decline. The price of LTC has fallen by 2%, reaching $92.88, indicating a challenging moment for the cryptocurrency. This decline occurs in a context where the Relative Strength Index (RSI) suggests oversold conditions, highlighting potential volatility. The lack of major catalysts contributing to price movement further complicates the situation for Litecoin. As traders monitor this critical pivot point, the overall sentiment in the crypto markets remains cautious, with many assets facing pressure. The current dynamics may lead to increased scrutiny of Litecoin’s performance and its ability to maintain support.
