Litecoin Price Analysis: LTC/USD Struggles at $90.94 as Selling Pressure Persists

The price of Litecoin has continued to decline, with the LTC/USD pair experiencing a bearish trend. Although there was a slight increase in price on May 19 and 20 after a correction, the coin has been on a downward slide since then. Currently, the price is testing the $91 support level, which could potentially act as a cushion for an upward bounce. However, selling pressure is still present and if it persists, the price may fall below the moving average and continue the bearish trend. The relative strength index (RSI) is currently at 55, indicating selling activity in the market.

Litecoin $89.10

-0.14%

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