Litecoin's recent recovery gains are at risk after the weekend reversal. Can Litecoin prevent further loss ahead of the Fed's decision?
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.Bulls had market leverage but could lose it if the pullback extends.
As such, the pullback could ease at $62.55 or $60 before attempting another leg up, especially if the FOMC Meeting on 20 September takes a dovish stance. Meanwhile, the RSI eased to the 50-equilibrium mark. An extended sell pressure will be confirmed If the RSI drops below the equilibrium level.
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