Things are not looking good for Charlie Lee's brainchild. Litecoin has dropped out of a bear flag with a downside target that could prove fatal to LTC hodlers. Buyers are struggling to push the price back above the lower channel but strong overhead resistance is not showing signs of withdrawal. Make no mistake that if price continues to stay below the channel, LTC faces an imminent threat to its existence - the possibility of a huge selloff that could wipe LTC off the crypto market for good!
