Litecoin stays below a downside resistance line

LTC/USD traded lower yesterday, after it hit resistance at 74.10, but the slide was stopped at 64.35. The crypto has been trading between those tow barriers since May 13th, and thus, we would consider the very short-term bias to be neutral. However, zooming slightly out, we see that Litecoin remains well below the downside resistance line taken from the high of March 30th, and thus, we see more chances for traders to exit the latest range through its lower end.

Such a…


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