Crypto Market updates - Litecoin price review

Bitcoin internet Gurus are still believing that we are in a bullish market, this is just a healthy dip, etc etc. So, the cryptocurrency market manipulation still continues, retail enemies ''the Whales'' are trying to scary people off the market in order to take advantage and to buy in lower and lower prices.

Hence, these are the main excuses for the waited plunge (it had to happen at some point), while everyone is hoping for an anticipated parabolic run in the long-term, that is in the next 3-6 months.

Let's see some price technical analysis and support levels for Litecoin, using EMAs and Fibonacci retracement levels.

Litecoin reached its second all time high since December 2017, topping at $335.10 at 17.04.2021. Then a dramatic drop started, while at the moment litcoin's price is hovering over $225, which is the 50.0 Fibonacci retracement limit.

In case the price continues the short downtrend, the next support level is at 61.8 Fibonacci level, approximately at $198.45, price which is also the touch point with the 100 EMA for the daily chart.