- Litecoin suffered another rejection at $200, opening the door to the ongoing retreat.
- An ascending channel failed to make a breakout at the x-axis, allowing bears to increase their position.
- Support at the 200 SMA on the 4-hour chart could ignore the bearish narrative in favor of a recovery move.
Litecoin has made an appreciable move upward this week, adding to last week’s recovery. However, the uptrend lost energy slightly above $200. LTC suffered another rejection at this level,…
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