[LTCJPY] Returns to the consolidation level in 2017

Litecoin is also declining in tandem with the overall downturn in cryptocurrencies, including Bitcoin. As it follows the Bollinger Band along the -2σ line, its decline is accelerating, and it has now fallen to the same level as the market around 2107. This suggests it could approach the lower support line around 35,000 yen, making it unlikely to turn bullish easily. If it does not undergo a prolonged period of consolidation, it seems unable to break above the 100,000 yen resistance.