Even though nearly all crypto markets had seemingly engaged the pups this morning, the current hourly chart looks incredibly bleak. Some altcoins lost over 10% in value in the span of a few minutes. Especially the Bitcoin chart looks worrisome in this regard. Litecoin price watchers will not be too happy with this trend, albeit it was somewhat to be expected.

Litecoin Price Retraces in a Violent Manner

When the momentum remains positive in the cryptocurrency for several days, one has to wonder how things will evolve in the near future. As was to be expected, a major downtrend occurred earlier today. The hourly charts look extremely bearish for all markets, with Litecoin facing a lot of pressure across the board. The weekend may not necessarily end on a high after all.

To put this in perspective, all cryptocurrencies, tokens, and…

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Source: https://themerkle.com/litecoin-price-drops-below-47-as-violent-bearish-momentum-materializes/