Litecoin’s (LTC) previous rally saw notable gains that halted near the 61.8% Fibonacci resistance. Since then, LTC has witnessed a strong reversal for over four months now.
From here on, If the current candlestick closes below or near to the previous green candlestick, it would confirm an evening star pattern (bearish). Thus, a close below the current zone could propel a test of the $106-floor before a possible revival. At press time, LTC traded at $121.425.
LTC Daily Chart
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