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Channel Breakdown in Litecoin
We are seeing a bull channel breakdown in Litecoin. These typically retrace 50% of the channel height at least, and we are already testing the 0.382 Fibonacci level. If it continues to dip watch 124 and 111 for support. The Kovach OBV has been pretty flat lately, which does not bode well for LTC. Litecoin is still a great project so use lower levels as a buying opportunity, just understand that we may not be out of the woods yet.
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