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Litecoin Technical analysis: LTC/USD shows negative signs, trend reversal in sight

litecoin tech analysis

Litecoin price is trading at $211 on Wednesday's morning trading session. It opened trading at $217, and an upward trendline followed where it traded at highs of $222. However, the currency failed to maintain the upside gains, and the bears forced it into a descending channel. The current resistance level at $222 is a significant hurdle & the price signals a likely trend reversal. The price seems to be consolidating above the support level.


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