Litecoin had broke out of its ascending triangle on the 8th of November and hit it's target around $300. We want to see Litecoin stay above $166 in the short term and hold the bottom line of the ascending triangle. Litecoin will stay fairly neutral in this ascending triangle range until it works its way up and holds support above at $200 or breaks below the bottom line of the triangle.
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Bearish break out of the ascending triangle.