According to CryptoKaleo, a pseudonymous crypto analyst, the peer-to-peer internet currency has been dumping since the year began and he believes a breakout is near for LTC. Per Kaleo’s analysis of the LTC/BTC chart, LTC is picking up steam to move out of the bearish channel. The chart shows that if LTC breaks the 0.004650 mark ($77.7 worth of BTC), the altcoin could rally to 0.02 on the LTC/BTC ratio chart. At the time of writing, LTC is trading for 0.004685 BTC per coin. (Timestabloid)
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Litecoin (LTC) To Breakout Soon After Years of Accumulation, Expert Analysts Forecast
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Cointime August 4 News Express
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