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Litecoin: Ascending Channel

LTC/USD, 1 hour    SHORT Jan 2
It looks like an ascending channel is revealed and LTC/USD requires next active fall as a clue of a breakdown. An ascending channel represents a useful bearish price action formation with an upward bias that is used to predict price heading to a new direction in case if price breakdown occurs. LTC/USD risks further downside towards 72 once below 73.2 as LTC/USD probes 73.2 hurdle.
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