Litecoin is Likely to Continue to the Downside
Litecoin prices are struggling to recover as they test a resistance of the downward channel they have formed since August 29. Recent attempts to break through the resistance were unsuccessful meaning that the coin is likely to continue moving down. Thus, it would be interesting to consider short trades from 64.45-64.90 with a target at 61.75. the low of September 1. The stop-loss could be set at 66.10, the low of August 30.
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