Forex_Academy

Litecoin rebounded but still under pressure

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
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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