LTC formed a bearish flag at press time, indicating further nosedive despite the recent plunge.
Long-term holders were liquidating their positions.
Litecoin [LTC] was one of the top cryptocurrencies hit hard by the market crash on the 3rd of December. This was because it lost 11.17% of its value, according to data from CoinMarketCap.
Though market prices have started to recover, it might not be the same for LTC.
Analyst Ali Martinez put out this prediction. According to Martinez, LTC was facing intense selling pressure. This sell-off was one of the reasons the price nosedived from $72 to $65 at press time.
However, that might not be the end of a torrid season for Litecoin, Martinez opined.
In his post on X (formerly Twitter), the analyst shared a 3-day chart that showed LTC forming a bear flag. As a result of the formation, Martinez noted that the coin might sink to $38.
Post-recent dip, the outlook for #Litecoin appears challenging. If the selling pressure continues, $LTC might see a
We współpracy z: https://ambcrypto.com/rough-patch-for-litecoin-predictions-suggest-another-price-plunge/
