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LTC is preparing to rally another 30%

From fxstreet.com

Litecoin price broke above the upper trend line of the symmetrical triangle on April 3 and has followed through this week, with price coming up just short of the February high at $247.00. The mild pullback near the February high is not unusual and should not be a reason to call the end of the rally categorically. Litecoin price needs to command higher volume to overcome February high: During a symmetrical triangle pattern, volume often declines, and breakouts tend to be to the upside. In the case of LTC, the upside breakout initially struggled to gain traction, but it has commanded more support this week as volume is ... (full story)

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  • Category: Technical Analysis