Litecoin has retraced all the way down to $169, where we found support and are hovering around $175. This is the target price of our inverse head and shoulders breakdown. It is the inverse Fibonacci extension of levels anchored at the head and shoulders. We should find support here. This is an incredible discount on Litecoin, and we believe the carnage should be coming to a close right around here. If not, $158 is the next level below. Levels which once provided support at $184 and $195 are now our price targets.
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