- Litecoin price fails to take off despite rolling down the runway.
- LTC price is in the process of validating a bearish pennant pattern on its 12-hour chart.
- In the absence of a breakout, Litecoin price could consolidate between $50.50 and $55.72 in the short term.
Litecoin price is trying to find its footing after lifting from support reinforced at $50.50 and topping out at $55.72. This northbound move would have pushed the token out of a narrow-ranging channel. Bulls will have a…
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