Litecoin falls below $90 and short sellers can smell opportunity here

Litecoin [LTC] falls below $90 and short sellers can smell opportunity here

fell from $23.5k to $22k on Friday, 3 March. While BTC had some bullish hope, Litecoin showed further losses can be expected.Source: LTC/USDT on TradingView

This drop highlighted two things. One was that the bias was strongly in favor of the bears, which was reinforced upon an H4 close below the bullish order block. The RSI has been below neutral 50 since 2 March, to indicate a bearish trend in progress. Meanwhile, the OBV was at a support level from February and indicated selling pressure was dominant in March.Things were a bit tricky because even a partial fill of the FVG would break the structure and flip it to bullish.

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