{"id":530463,"date":"2023-05-08T14:00:01","date_gmt":"2023-05-08T14:00:01","guid":{"rendered":"https:\/\/uniquehot.com\/?p=530463"},"modified":"2023-05-08T14:00:03","modified_gmt":"2023-05-08T14:00:03","slug":"litecoin-ltc-price-falls-after-bulls-fail-to-maintain-momentum","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/litecoin\/litecoin-ltc-price-falls-after-bulls-fail-to-maintain-momentum\/","title":{"rendered":"Litecoin (LTC) Price Falls After Bulls Fail To Maintain Momentum"},"content":{"rendered":"
Litecoin is shedding its gains in the market today as the bears take control of its price. At press time, its trading volume is down by over 15%, with a price decrease of 2.80% in the last 24 hours. Such a decline comes after major crypto assets like Bitcoin and Ethereum took a blow and entered bearish territory.<\/span><\/p>\n After its decline from $101.85 to $90.44 on April 19, 2023, the bears mounted more pressure pushing its price down to $81.11.\u00a0<\/span><\/p>\n LTC is in a downtrend today, forming a bearish engulfing pattern on the daily charts as it descends to lower lows.\u00a0<\/span><\/p>\n It has dropped below its 50-day <\/span>Simple Moving Average (SMA)<\/span> and is trading below its 200-day SMA, with bearish sentiment in the short and long term.\u00a0<\/span><\/p>\nWhat Next For Litecoin?<\/h2>\n