Litecoin rebounds but stays below a downside resistance line

LTC/USD entered a recovery mode on Tuesday, but today, it hit resistance at 112.30, staying below the downside resistance line drawn from the high of March 30th. As long as the crypto continues to print lower highs and lower lows below that line, we will continue aiming lower.

A clear and decisive dip below 105.70 could confirm the case for further declines and perhaps target the low of April 11th, at 101.35. If that zone doesn’t hold this time around, its break would…


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