Litecoin technical analysis: LTC/USD market sentiment remains bearish as short-term bullish …

Litecoin technical analysis: LTC/USD market sentiment remains bearish as short-term bullish comeback gets squashed

Daily LTC/USD chart found resistance at the downward trending line. The four-hour chart is trending in a downwards channel formation. LTC/USD bears came out on top for three days in a row. The price dropped from $44.25 to $43.70 this Wednesday and is floating below the 200-day Simple Moving Average (SMA 200), SMA 50 and SMA 20 curves.