Litecoin Price Prediction: LTC advance may halt near this stiff resistance barrier

in hive-116221 •  4 years ago 

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On the 1-day chart, Litecoin price is traversing in an ascending parallel channel, which is obtained by connecting the trend lines to the multiple higher highs and higher lows set up since January 2021.

So far, the entire bull run for LTC seems to be encapsulated in this technical formation as it heads toward the upper trend line. However, a 6-hour supply zone that extends from $296 to $317 stands in its way.


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