Litecoin’s bulls must take these steps to negate this pattern

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

Unable to find a clear direction despite Bitcoin’s ascent, Litecoin remained gridlocked within a descending triangle setup. While the pattern normally observes a breakdown, LTC’s outcome is not yet clear.

The altcoin was trading above its near-term SMAs and its indicators took a neutral approach. In order to pinpoint LTC’s trajectory, the price needs to…

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