Litecoin fell by almost 14% over the past 24 hours, followed by Chainlink, with the latter depreciating by 12.3% over the same period.
Bears have been dominant for almost a week and a half now and on the 4-hour trading chart, the coin had still not embarked on its journey to recovery.
Bitcoin’s market capitalization fell by 3.3%, at the time of writing, and BTC was down by 22.1% in 7 days.
The alt mostly noted lateral movement across the charts for most of this month, however, the last few days were rocky for LTC as it fell below the $131-support level.
If Litecoin‘s press time price holds, then the coin can start seeing some price corrections.
The MACD’s histogram pictured a bearish crossover on 16 June and since then, the coin has moved on with bearish momentum.
The Bollinger Bands remained divergent at press time, a finding that pointed to increased price volatility.
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