Shiba Inu price is currently experiencing a pullback after failing to set up a higher high. While this is demeaning in the short term, it does not impact the bullish outlook negatively.
Bitcoin price has shown a sign of life after a massive downtrend that pushed it below $30,000. After briefly spending time below the psychological level, BTC has bounced back, and altcoins like Ethereum and Ripple have followed it.
Litecoin price and other cryptocurrencies got a lift from the positiveness that reemerged in markets after the sell-off last Monday. A few tweets from Elon Musk and Jack Dorsey helped to put the spotlight back on cryptocurrencies. Buying LTC now means that you need to be aware of a looming bull trap with Litecoin still under pressure from a downward technical play.