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Litecoin [LTC] investors could watch out for these levels in weeks ahead
Earlier this week, the MimbleWimble upgrade was announced for Litecoin and the price had zero bullish reaction to this news. This is actually a common feature of bearish markets, where fear moves the price and good news barely leaves a trace as it comes and goes. The bearish structure of Litecoin has been in place for nearly eight months now, and the bottom might not be in yet. chart The daily chart showed Litecoin to be in a downtrend from mid-November on the higher timeframes. This holds true for many altcoins across the market. In February and March, the $100 area was held as support for LTC, but the selling ... (full story)
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- Posted: May 12, 2022 8:55pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 189
