Litecoin nears the February lows
I’ve noticed a pattern of cryptocurrencies struggling ahead of the weekend. In this case, it’s a long weekend, so the pain has come a bit early.
The selling is hitting across the board but Litecoin is in particularly bad shape. It’s down 8.5% today and threatening the lowest close since December as it trades at $120.76, up from the low of $116.75. It’s fallen for five consecutive days for a net decline of 27%.
Technically, the intraday spikes near $100 are critical support.
One small bit of good news for crypto is that April seasonals are a bit better, at least for Bitcoin.