Litecoin Breaks Under Parallel Channel: Analyst Predicts This Target

Quick Summary:

Here’s the chart shared by the analyst, that shows this pattern for the cryptocurrency: From the graph, it’s visible that the recent bearish action in Litecoin has meant that its price has fallen under the parallel channel.

Related Reading: Bitcoin Miner Selling Still Elevated, On-Chain Data Shows The upper line of the parallel channel is likely to be a source of resistance for the price in the future, meaning that tops can occur there.

An analyst has pointed out how Litecoin has slipped under a parallel channel recently and could be set to see a move to this price level.

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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets: United KingdomIndiaJapan

Topics: LTCUSDT Ltc Litecoin bearish Litecoin Parallel Channel Litecoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-19 @ 07:30:03 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 425 words

Reading Time: 3 minutes read

Sentences: 75 lines

Sentence Length: 6 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 27168013

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