Litecoin Maintains Narrow Range

25 May 2022

Litecoin is continuing the range it's held for about two weeks, stabilizing between $66.94 and $76.62. The lack of buying interest suggests we need another dump before buyers are enticed and $55.84 is a likely target if so. If we are somehow able to break out then $77.39 should provide immediate resistance. After that, there is a vacuum zone to $85.08, which should be considered a ceiling. Keep an eye on Bitcoin, stocks and other risk on assets for ideas on where this will go.