Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice
Litecoin’s (LTC) previous rally saw remarkable gains that halted at the $280-mark. This level was near the 61.8% Fibonacci resistance. Since then, LTC has withdrawn inside a falling wedge (yellow) on its daily chart for the last 12 weeks.
Now, the falling wedge breakout candle needed a compelling close above its trendline resistance (white) or 50 SMA to…
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