Litecoin has blasted through resistance in the $100 handle, at $191 and $195, specifically, to solidify the $200's. We are currently meeting resistance at the first technical level at $209, as identified by two red triangles on the KRI. We are seeing support from $202, as identified by a green triangle on the KRI. We have not seen much in the way of a retracement, but if we do, then $195 should provide support. Our next target is $217.
Note
As predicted, Litecoin corrects a bit, but is still finding support around $200
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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.