LTC/USD: Can the Support of $40 Hold the Altcoin from the Drop?

BITSTAMP:LTCUSD   Litecoin / U.S. Dollar
If on the small time frames, the picture is looking bullish , on the daily chart , bears are completely controlling the situation. The bearish divergence has been formed on the RSI indicator. In addition, there are lowering heights which support the sellers' dominance. The more likely scenario is the drop to the $39 mark in the nearest weeks.

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