The correlation between Litecoin and Bitcoin makes the Litecoin price prediction eerily similar to that of Bitcoin. There is a bearish pennant on the daily chart, which raises the potential of a steeper selloff in the days or weeks to come.
The extent of Litecoin’s price recovery periods is consistently getting smaller. Yesterday’s 10% surge did not get Litecoin back to last week’s price levels. The price rejection at the consolidation area of the bearish pennant tallies with…
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