Litecoin market overview: LTC/USD descending channel limits recovery

Litecoin market overview: LTC/USD descending channel limits recovery

Litecoin must brace for acute selling activity at $48 and $50 supply zones. Litecoin technical picture suggests that sideways trading is likely to be the prevailing trend in the next session. The cryptocurrency market is turning red once again on Tuesday. The price action has been mostly drab with little progress on the upside.