(+) Litecoin Price Analysis: Big Bear Drop Eyed Despite UFC Partnership Announcement

Jonas Borchgrevink

Updated 27 December 2018 at 6:08 am

The Litecoin price has been pushing lower over the past four sessions now at quite some pace. Market bulls were unable to sustain the upside momentum, which was firmly seen across the board last week. LTC/USD had initially gained a big chunky 66%, before starting to then lose ground and give back some of the advance. Litecoin reached $37.75, its highest level since 20^thNovember. However, now there are several bearish confluences, that are pointing to further downside.

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