Litecoin (LTC) has been decreasing since May and has fallen below a long-term horizontal support level.
There are no clear bullish signs present. However, LTC is potentially trading inside a descending wedge and could create a double bottom formation.
Litecoin breaks down below long-term support
Litecoin has been moving downwards since May 10, after it reached an all-time high price of $417. The downward movement continued until a low of $116 was reached on May 23.
While…
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