Forex_Academy

Litecoin rebounded but still under pressure

BITFINEX:LTCUSD   Litecoin
LTC/USD has lost altitude in the last hours and it has failed to resume the bullish momentum towards the sliding line (sl1). The perspective remains bearish despite the aggressive rally as the rate is trapped below several very strong dynamic resistance levels.
A failure to make a valid breakout above the sliding line (sl1) could really send the rate towards the 250% line.
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