Litecoin bulls might get cut trying to catch a falling knife

  • Litecoin price undergoes a sharp drop from $95 to $75, losing 20% value.
  • LTC price is at risk of losing 70% as the last line of defence is 10$ away from current lows.
  • Expect a perfect storm brewing where both dollar strength and risk-off see a falling knife triggered, with LTC price devaluing $50.

Litecoin (LTC) price is trading in the danger zone as price action hangs by a thread at risk of dropping to new lows for the week. LTC price could drop further to $65.08,…


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