LITEcoin is making HODLers wallets light! Could go to $85-$78

LTCUSDT

On April 19, Litecoin experienced a sharp drop below the 20-day EMA (93), indicating a weakening bullish trend. Despite buyer attempts to push the price back above the 20-day EMA on April 20, the bears stood firm, hinting at their efforts to convert the 20-day EMA into resistance.

Next, the sellers are expected to fortify their position by pushing the price below the crucial support level at $85. If this happens, the LTC/USDT pair could potentially slide to the 200-day SMA (78). To prevent such a decline, the bulls must act swiftly to drive the price above the 20-day EMA and the overhead resistance level at $96.

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