Litecoin price analysis: Bearish swing results in price correcting down to $51.98

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[{"selector":"#anim-dfd19c1f-b5f8-4335-a308-b10f8d134967 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-4ca81569-7a99-4184-9ab3-29b0e0ff3f35","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5b53b0a9-5d40-4f53-8b09-1e4ba21ea331","keyframes":{"transform":["translate3d(107.52089%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1598a760-e3a1-4517-bd70-119549b56fc7","keyframes":{"opacity":[0,1]},"delay":1000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f31e6918-f7a0-4be8-a9c8-79dad1cd72d1","keyframes":{"transform":["translate3d(107.58427%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Additionally, a decline in price levels has been seen over the past 2 4 hours, which is highly demoralising for purchasers.

[{"selector":"#anim-84eb55c4-5613-4437-a026-6cc1357972f0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(8.735795360274718%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-991d4c13-91e5-410c-a429-370f99466f3f","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-85167898-0fc6-4f5e-8302-0f025220880f","keyframes":{"transform":["translate3d(107.52089%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6576f1ac-945f-4b1f-8545-4d5c04dea0be","keyframes":{"opacity":[0,1]},"delay":1000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-11d183ba-c7c8-4a44-82be-6f4451da4d04","keyframes":{"transform":["translate3d(107.58427%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] As the negative momentum continues for another two days of downward movement, the price has been corrected down to the $51.98 mark.

[{"selector":"#anim-5c7f3ef7-3b76-4a82-9381-9731726643a2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-adfdd099-f16e-4af4-9a23-de8ab8b0c63d","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fc5856bb-2715-421e-a45d-448467b3bbd5","keyframes":{"transform":["translate3d(107.52089%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-baa79a4a-48ae-4abe-9f87-d31c01e29f29","keyframes":{"opacity":[0,1]},"delay":1000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ba23b96e-e5e2-4cad-bbd3-6c3d011034ef","keyframes":{"transform":["translate3d(107.58427%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The bulls are still fighting to gain control of the market, even if t he price has lately fallen, if it rises over the $54.27 resistance level.

[{"selector":"#anim-8af39f6d-848e-4599-b112-9cfb65f0c56d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-15.241868050289561%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-4fe3526d-466c-4c5d-aecb-dca8aa415b50","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-10fccc66-b23f-4eb2-a86f-7195f3b8a96f","keyframes":{"transform":["translate3d(107.52089%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8dc9eb34-082c-4542-9fcb-134c7b821649","keyframes":{"opacity":[0,1]},"delay":1000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-43dc6907-7380-46be-aab1-57be3bf7daa4","keyframes":{"transform":["translate3d(107.58427%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The digital asset has dropped more than 3.90% in the previous day and is now trading below the $54 mark.

[{"selector":"#anim-f5d2a484-56c7-47da-8f8b-df397c9a71fc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(18.412152708638892%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-19a86a7c-e9a7-400c-9869-64dbf9c22517","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-53fe993e-544c-4751-a786-cdd7181d693f","keyframes":{"transform":["translate3d(107.52089%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cd0050f0-74de-4490-a734-e515ce4b38c2","keyframes":{"opacity":[0,1]},"delay":1000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a902641d-e6be-43ab-b2c1-32c6cb684dcc","keyframes":{"transform":["translate3d(107.58427%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The currency is ranked 20th on CoinMarketCap and has a $3.96 billion market cap.

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[{"selector":"#anim-e3e3ea50-abf0-4fe4-ba35-c17bcc573164 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.514648210040342%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] WATCH NEXT