Litecoin Gives Up $100!!

25 Nis 2022

Litecoin has taken a dramatic turn for the worse, completely giving up the $100 handle albeit for a bit. We smashed through all of our technical levels in the low $100's including $111, $109, $105, and $101. We did see support start to form around $99, confirmed by a green triangle on the KRI. We were then bought back up to $100, suggesting that the markets feel sub $100 prices are enticing enough for a buy-back. If momentum returns, expect resistance at $101 and $105. We should see further support below, if needed, by $94.84.