Analysis: LTC is likely to fall

According to FXStreet, Litecoin has experienced volatility in the past few hours, but the bears continue to hold the $88.50 mark. LTC gradually rose to the day's high of 88.36 US dollars, and still rose nearly 4% in the past 24 hours, and is currently biased downward. The market value of LTC is US$5.51 billion, accounting for 1.86% of the total market value of cryptocurrency. The seller turned its attention to the level 50-HMA, which was lower than the previous trading day of $85.50. The hourly relative strength index (RSI) was consolidated in the overbought area.