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LTC shares remain anchored near support at $50 as ADX reflects dominant selling pressure
Weekly technicals confirm a bearish backdrop, as both MACD and ADX continue to indicate pronounced seller control. All key weekly moving averages remain overhead and act as resistance, while secondary oscillators such as RSI, CCI, and Stochastic RSI are deep in oversold territory. Bull/Bear Power is decisively negative. Support can be identified near $50, with volatility at 8.90%, while the closest resistance sits at the MA-20 ($75.79). For the coming week, Litecoin is expected to trade in a $48.07 to $58.67 range, with less than a 20% probability assigned to an upside breakout. Bearish and sideways scenarios remain ... (full story)
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