Litecoin price update: LTC/USD digs deeper into the Bollinger Bands as volatility expands

Litecoin price update: LTC/USD digs deeper into the Bollinger Bands as volatility expands

Litecoin bulls managed to defend $54.00 support but the danger of sliding below $50 is still very apparent. The expanding volatility and the negative technical picture mean that bearish dominance will last longer. Litecoin investors were caught up in a surprise flash drop further below $60 on Monday.