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Litecoin bulls step back due to descending triangle formation, forays into oversold realm

Litecoin bulls step back due to descending triangle formation, forays into oversold realm – AMBCrypto

From a year high of $142 to in June 2019 to trading below $55 crucial resistance, the silver crypto was in bearish phase after a short period of consolidation. The latest price drop has pushed Litecoin to the sixth position as it continued to plummet aggressively against the US Dollar.