Litecoin Bollinger Bands Signal Downward Trend: Will Rebound Come?

Litecoin (LTC) experienced a significant price drop in the past 24 hours, signaling a bearish sentiment in the market. The downturn is reflected in the Bollinger Band indicator’s readings, indicating potential for extended bearishness. 20-day moving average on Litecoin’s Bollinger Bands reveals that the price has breached support and points downwards, reflecting a prevailing bearish environment in the Litecoin ecosystem.