Litecoin trapped in a descending triangle; breakout likely to test and fail at $70

 

Litecoin trapped in a descending triangle; breakout likely to test and fail at $70

Litecoin, the fifth largest cryptocurrency on the market is looking weak. A long bearish stint has posited the coin below the key psychological level of $70, and as current trends point, digital silver looks to stay below that mark. Short Term: Looking at the one-hour chart, there exists a clear formation of a descending triangle […]

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