Will LTCUSD rebound from the trendlines?Looking at our daily chart of LTCUSD, we can see that from the beginning of July, the crypto continues to correct lower. The rate is now near the crossroads of two short-term trendlines, a downside one taken from the high of April 18th and an upside one drawn from the low of June 14th. If LTCUSD remains above both of those trendlines, there is a good chance the bulls could stay interested, at least in the near-term.
If the crypto rebounds from those trendlines and climbs back above the 98.61 hurdle, this may invite more buyers into the game. LTCUSD might then travel back to the 103.41 obstacle, or to the 105.68 level, marked by the highest point of February.
On the other hand, a break below both of the trendlines and a drop below the 91.44 hurdle, marked by the high of June 7th, could spook the bulls from the field temporarily. LTCUSD may then travel to the 81.76 area, which is the low of June 28th.
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