Litecoin Slumps to $166 Low, Shows No Strength below the $186 Resistance

Today, the price of Litecoin (LTC) fell below the 50-day line SMA while the altcoin fell to a low of $166. The downtrend will resume if the bears break the 21-day line SMA. The current selling pressure is due to the failure of the bulls to overcome the $186 resistance level.
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