Litecoin nears oversold levels – what’s next for LTC price?

Recently, Litecoin (LTC) experienced a 5.6% drop, with its Relative Strength Index (RSI) at 35.92. This decrease reflects weak momentum, raising concerns about its price stability.

LTC is hovering near the key support level of 83.11 USD. If this support fails, there could be a further decline, as technical indicators suggest a bearish outlook for the near term.

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