The Litecoin (LTC) price has been decreasing since it was rejected by the long-term $238 resistance area.
Litecoin is currently trading between resistance and support. While technical indicators are leaning bullish, a breakout is required for the bullish trend to be confirmed.
Rejection from Long-Term Resistance
Litecoin has been decreasing since Feb. 20, when it reached a local high of $248. The rejection holds more importance since it occurred right at the 0.618…
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