Litecoin has retraced from the mid $60's, but has found good support just above our level at $55.84. We are seeing good support from this level, and are currently ranging between this and $59. We have not gotten the follow through to reestablish the $60's, but a burst of momentum could take us back to $61.75, where we are sure to meet resistance. If we retrace past support at $55.84, there is a vacuum zone to $51.92, where we are sure to see further support.
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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.