Why Litecoin (LTC) Could Witness A 24% Drop, and Can It Be avoided?

A rising wedge pattern governs the ongoing recovery in the LTC/USDT pair. Following this pattern, altcoin surged 63% and formed a local top at the $64.5 mark. However, the very nature of this pattern is to resume the prevailing downtrend once the price breaches its rising support trendline.

Key points from LTC analysis: 

• The LTC price nearing the apex of the wedge pattern may soon lead to a breakout action
• The 20-and-50-day EMA flipped into a viable…