Litecoin Retraces All Gains
Litecoin has compeletely retraced all gains from the Moneygram news. We blasted through the $50's, reaching as high as the $70's, before the FTX news slammed crypto markets. Liquidity and solvency issues came to light as Binance announced it was buying non-US divisions of another major crypto broker, FTX. Litecoin has subsequently retraced all gains, plummeting back to our level at $55.84. We are currently finding support at this level, but another selloff could take us deeper into the $50's, with support at $51.92 or $50.64 to provide a floor for now.
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.