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Litecoin (LTCUSD) chart update

It was mentioned in the previous analysis of Litecoin (LTCUSD) that the chart pattern present on the Daily tf of Litecoin (LTCUSD) is a descending triangle which is a bearish pattern although not 100% of the time. Litecoin (LTCUSD) has failed to recover back above 111.92 and instead heading towards support mentioned in the previous post.

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