Litecoin (LTC) Remains Firmly in the Bear Market Despite Recent Gains

Litecoin (LTC) has rebounded steadily in recent days. The altcoin has actually jumped 4% over the past week, erasing some of the losses we saw during the market crash. But even with these bullish signs, LTC is still firmly in bearish territory and could stay there for some time. But should you still buy it? First, here are some highlights:

  • Although LTC has moved above its 25- and 50-day exponential moving averages, it is still well below its 200-day EMA.

  • Broader sentiment in the…


Source link

About bitcoin

Check Also

Litecoin (LTC) Do the Risks Outweigh the Rewards Thursday?

Litecoin receives a low risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how …

Leave a Reply

Your email address will not be published. Required fields are marked *