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With the appearance of convergence between Litecoin's price movement and the CCI (30) indicator on its daily chart, in the next few days there is potential for this cryptocurrency to weaken, where as long as there is no further strengthening that breaks through and closes above the 139.21 level, this cryptocurrency will weaken down, where the 99.26 level will be tested. If this level is successfully broken and closes below that level, Litecoin has the potential to continue its weakening back to the 86.56 and 70.08 levels as the next targets if the momentum of the weakening and its volatility support it.
(Disclaimer)
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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