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Why An Analyst Thinks Litecoin Is “One of the Better Bearish Plays

Why An Analyst Thinks Litecoin Is “One of the Better Bearish Plays

Following a multi-year bear market, Litecoin (LTC) has at long last started to move higher over late days. The benefit has picked up around 20% since the lows of a week ago at roughly $55. While there are numerous contending that LTC has force, one examiner says that Litecoin is one of the "better bearish plays" in the crypto market at this moment. This equivalent examiner has likewise communicated a bearish supposition about Bitcoin, contending that the advantage could remember to the $8,000s in the months ahead. Related Reading: Crypto Tidbits: MicroStrategy's $250m Bitcoin Purchase, Ethereum DeFi Boom, BitMEX KYC Litecoin Is One of the Better Bearish Plays As per a full-time crypto dealer, Litecoin might be in a tricky position since it is clashing with a vital obstruction. He shared the diagram underneath on August seventeenth, which shows that LTC is "entering a (tragically enormous) key obstruction zone" that it has just been dismissed from once.

14 BTC and 95,000 Free Spins for each player, just in mBitcasino's Exotic Crypto Paradise! Play Now! "$LTC/#Litecoin – Seems like one of the better bearish plays available at the present time. The $BTC pair is doing a week after week bearish retest while the $USD pair is entering a (sadly enormous) key opposition zone."

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