Litecoin Struggles to Regain $100

2 May 2022

Litecoin tested our exact level at $94.84. We have been calling out this level as a lower bound for LTC for the past few weeks, and it finally tested it over the weekend. We did see a nice pivot from this level, but are having difficulties reestablishing the $100 handle. Indeed, $101 remains a hard upper bound for now, and it will take significant momentum to break through, but if we can, then $105 is the next level to provide resistance, and is a likely upper bound for now. If we reject the $100's, then $94.84 should continue to provide support.