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Litecoin’s long-term bleak with support re-test imminent
Litecoin, the seventh-largest cryptocurrency in the market, has been consolidating within the range of $42-$45 for two weeks now, with the altcoin recording sideways price action since. Despite several breakout attempts, Litecoin has noted several rejections, and a look at the charts would suggest that the bears are here to stay. Litecoin 1-Day Chart image A descending triangle pattern was taking shape on Litecoin’s daily chart. The completion of this pattern could potentially lead to a bearish breakout in the long-term. This was also supported by the placement of the daily moving averages. The 50 DMA [Pink] noted ... (full story)