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Is Litecoin finally about to cave in?
Looking at the 1h chart, $LTC is hugging the 53.90 level and it’s not looking great. We just hit a 24h low right here, and every time it tries to bounce, the sellers are right there to slap it back down.
The order book is showing more buy interest at 57%, but the price action tells a different story. If we lose this 53.90 support, there isn't much stopping a deeper slide since the momentum is clearly to the downside today.
I'm watching for a fakeout or a high volume reclaim, but right now, it’s just bleeding out.
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