Litecoin has rebounded by 130% to almost $100 after bottoming out near $40.50 in June 2022. The primary reasons include broadly improving risk-on sentiment and euphoria around Litecoin’s upcoming halving in August 2023. However, technicals suggest that LTC may wipe out most of these gains in the coming months. Litecoin stands to pare its gains mainly due to a giant bear flag on the weekly chart. A “bear flag” is a bearish continuation pattern that occurs when the price consolidates inside an ascending, parallel channel after undergoing a strong downtrend. It resolves after the price breaks below its lower trendline ... (full story)