The recent market growth rekindled the hopes of Litecoin [LTC] buyers over the last month.
But the $62-$64 range has been shunning the bullish efforts while preventing a swift buying rally. As a result, the altcoin quickly dropped below the EMA ribbons to project strong selling momentum.
Furthermore, the recent bearish engulfing candlestick reflected a solid uptick in selling pressure. Sustained rejection of higher prices near the 20 EMA could inflict a near-term pullback…
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