- Litecoin is struggling on Thursday falling 2.85%.
- There is a head and shoulders chart pattern that has formed on the hourly chart.
Litecoin Hourly Chart
LTC/USD has fallen back below the 55 hourly EMA in a bearish move.
There is also a bearish head and shoulders chart formation that has formed too.
The 200 EMA is in close proximity which could act as near term support.
The pair has also made a new lower low wave.
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Additional Levels
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