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These developments bring hope of recovery rally for Litecoin investors
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Litecoin cemented itself as one of the major crypto assets in the world. Especially by placing itself in the top 20 spots. But there are still some doubts when it comes to a solid rise. Well, maybe it could be coming soon.
As an asset, Litecoin is not in the best place right now. All indicators are pointing in the negative direction presently. At the same time, their indications are actually leading towards a positive recovery.
Even though SAR is still displaying an active downtrend, the active squeeze release is the necessary trigger for recovery. The diminishing bearishness is evidence that the repeated appearance of green candles is working.
Secondly, the Average Directional Index (ADX) has crossed 25.0 and is supportive of a price rise
Read more on ambcrypto.comAbout this in other media
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