Litecoin (LTC) 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 the Litecoin halving in August 2023.
However, technicals suggest that LTC may wipe out most of these gains in the coming months.
LTC price paints giant bear flag
Litecoin stands to pare its gains mainly due to a giant bear flag on the weekly char.
A bear flag is a bearish continuation pattern that occurs when…
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