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Litecoin price analysis: long-term – Falling wedge descending; Short term – barrier

  • Long-term breakout appears, awaiting confirmation
  • Short term provides resistance

Litecoin bulls have a typical task in hand: take the moment in their hands from the long-term wedge that falls and overcome the short-term resistance that fixes their faces – it's not easy when the rally already seems a bit boring

LTC / USD is up 2% a day to $ 61.85, just around the top of the day and exactly around the descending line of resistance on the 480-minute diagram that would require a lot of thrust and momentum to cross, just as the RSI approaches the oversold zone.

This is occurring even when prices have given a breaking wedge in the daily chart only two days ago, but it still needs some more confirmation – it must exceed the resistance of $ 68-70 zones.

LTC / USD Daily Chart:

LTC / USD Chart 480 minutes: [19659004]

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