Litecoin Pivots

8 Eyl 2022

Litecoin saw a strong pivot from lows. We anticipated the low $50's to provide support. We broke through $55.84, which has given LTC trouble in the past. We are currently stalling just above this level, but if more momentum comes through we could easily cross the vacuum zone and test $61.75 again. We should see strong resistance there, however. If things turn south, we should continue to see support from the low $50's.