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Litecoin (LTC/USD) Recent Price Action Not a Good Look

Litecoin (LTC/USD) has been in a bear market along with all crypto assets. Its recent price action suggests there might be even more pain in the coming week.

LTC/USD 4H Chart

  • The price action I am referring is essentially a head and shoulders in the middle of a downtrend.
  • We can spot this a couple of times earlier during the dip that started mid-December after price shot up to almost $420. 
  • Litecoin is trading around $115, but I think the recent price action suggests LTC/USD will test $100 soon, maybe in the coming week.

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