Litecoin sees strong selling pressure but defends $50, what next for LTC

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.

  • The higher timeframe structure remains bearish for Litecoin
  • Reaction at the $52 zone could reveal the path forward

Litecoin [LTC] has faced resistance at the $55 mark since mid-September when the price crashed from $58 to $50. In October, LTC faced rejection at this resistance yet again. The downtrend of the past two weeks was pronounced on…


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