Litecoin Breaks Down
Litecoin has slumped after holding on the high $60's for a few days. We noted the weakness and expressed trepidation for the bull rally in crypto. Subsequently, the crypto market sold off, and Litecoin smashed through $66.94 and $64.37, to find support just above $60. We anticpate this level to hold, but if it sells off further, then $55.84 should hold as a floor price for now. If we are ablet o rally, $64.37 and $66.94 will provide immediate resistance.
Join my discord at discord.io/quantguy
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.