After dropping from its May 2021 ATH, Litecoin [LTC] bears ramped up their consistent efforts to close below the $91-$104 range for nearly a year. The altcoin’s extremely high correlation with Bitcoin subjected it to market-wide liquidations over the last few months.
Thus, the drop below the $91-level has set LTC in a heightened bearish motion. A potential close below the upper trendline of the Pitchfork could confirm the sturdiness of the bearish pennant down breakout. And with it, a…
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