Litecoin (LTC) has been decreasing since being rejected by the long-term $238 resistance area.
Litecoin is expected to consolidate between local highs and lows before eventually breaking out.
Litecoin Long-Term Levels
The weekly chart shows that LTC has been decreasing since reaching a high of $246.40 on Feb. 20.
The rejection occurred right at the 0.618 Fib retracement level measuring from the all-time high price.
Despite the rejection and subsequent drop,…
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