Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.
The recent market-wide drawdowns helped Litecoin [LTC] sellers to pull the alt toward its 19-month support in the $61-zone. Thus, it quickly plunged below its trendline resistance while witnessing a bearish pennant breakdown on the daily chart.
A potential close below the immediate support could heighten the chances of a $57-$59 range retest….
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