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Litecoin: Descending Channel

LTC/USD, 1 hour    LONG Aug 20
A descending channel is almost finished. A descending channel is considered to be a reliable bullish price action pattern that can be used to indicate a temporary interruption during a falling market when price breaks out. LTC/USD to recover bullish potential towards the 65 mark on a breakout of the descending channel as there is room for a upside correction.
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