- Litecoin has dipped lower after two failed attempts to take over the 200-day Simple Moving Average.
- Sellers have taken over from the buyers, and price action is descending further down.
- A return to the bandwidth between $135 and $156 looks like the sanest move to attract buyers again.
On August 16 and again on August 23, Litecoin (LTC) tried to reach the 200-day Simple Moving Average (SMA). Both tests failed and what followed each time was a quick reversal. After…
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