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Litecoin analysis: key info. to keep in mind.

Litecoin analysis is presented here on a 4 hour time frame candlestick chart.

Litecoin chart, Litecoin price analysis, Litecoin price

Price action from September 4 to November 14, 2018 is outlined in this analysis using a descending triangle chart pattern (ideally bearish).

Price breaking out below $47.84 confirmed the bearish implication of the pattern. Besides, the width of the pattern provides a useful way to determine the minimum extent of the current bearish momentum, with Litecoin in the low $20’s plausible.

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Interested in Bitcoin analysis (BTCUSD)? Check out our previous  work here. Moreover, Cardano analysis (ABDBTC) can be found here.

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