$LTC is still holding the current price range, but the key level to watch is around $51.
If Litecoin starts closing below that zone, the candlestick chart could quickly shift to a bearish trend. A breakdown here could attract strong short-selling volume and pave the way for a breakout target towards $45.90.
For that reason, I'll still be very cautious with LTC long positions, even though the oscillators are starting to show serious oversold conditions.
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