Litecoin [LTC] bears doubled down on their consistent efforts to close below the $98-mark for nearly 17 months. After the market-wide liquidations, the close below this mark pulled LTC into a relatively low liquidity zone.
Thus, it took a swift plunge below some crucial price points while chalking out a bearish pennant on the daily chart.
A potential close above the basis line (green) of Bollinger Bands (BB) could affirm the chances of a 38.2% retest in the coming times. At press time, LTC…
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