While gains in the broader crypto market have been solid over the past week, a minor pullback in market leaders – Bitcoin and Ethereum was received negatively by most altcoins as focus shifted towards the selling side. Similarly, altcoins LTC, XTZ, and IOTA traded in the red at press time after failing to hold on to higher levels on the charts.
Source: LTC/USD, TradingView
A fall below the 20-SMA (blue) and 50-SMA (yellow) highlighted Litecoin’s downtrend since snapping a three-year high at $243. The Parabolic SAR confirmed the bearish market as the dotted markers moved above