Relief Rally Ahead? Litecoin Looks Oversold Below $100

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Litecoin hit fresh 2018 lows in the Asian hours, but could be in for corrective rally courtesy of oversold conditions.

The cryptocurrency fell to $93 at xx UTC, the lowest level since Dec. 8, and is currently trading at at $95.80 on Bitfinex, down 9 percent in the last 24 hours.

The 48 percent drop from the May high of $182 has turned the tide in favor of the bears. However, the sell-off looks overdone as the daily relative strength

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