Litecoin Seeks Support

Liteocoin made an attempt to retest $55.84, but a red triangle on the KRI confirmed resistance midway, and we swiftly retraced. We are currently heading back down to the lower bound of the range with $51.92 a likely target for support. If this does not hold then $50.64 is sure be a floor price. If we can somehow pivot, we have a long way to go before the next level at $55.84, but this is sure to remain a ceiling for now.