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Litecoin Price (LTC) Technicals Weak, Bitcoin Dragging Market Lower

Litecoin declined heavily after it failed to climb above $46.50 and $48.00 against the US Dollar.The price seems to be sliding towards the $42.20 and $40.40 support levels.There is a key declining channel forming with resistance near $45.50 on the hourly chart of the LTC/USD pair (data feed from Kraken).Bitcoin

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