Litecoin Shapes A Very Unstable Bearish Movement: Time To Sell?

Litecoin price has been consolidating around $210 to $233 for the last couple of weeks. The recent 15% correction has caused it to move lower. As long as the demand zone holds, Litecoin price can continue to rally. This will allow the altcoin to be purchased at a discounted price and allow the investors to liquidate their positions. Today’s price is $232.81, down -1.92% in the last 24 hours. Its last 24 hours volume was 2,919,875,612.  This new feature will allow users to easily convert fiat to LTC by simply transferring funds to their accounts. It’s a step towards making it easier to use, and this should boost the value of Litecoin.

Litecoin price has seen a significant decline over the past day. It is expected to continue to trade lower in the near term due to a potential uptick in buying pressure. Also, the official Twitter account of Litecoin Card announced that its users can now convert fiat to Litecoin. If the price continues to stay within the $210 to $233 zone, it could trigger a breakdown of the ascending trendline and invalidate the thesis. Litecoin was launched in 2011. It is a digital currency that was initially launched in 2011. Its price has been underperforming against Bitcoin since 2011. It reached an all-time high of $410 on May 10, 2021. Since then, its price has increased by over 20,500%. Its historical performance is followed by the overall crypto market cap.