Litecoin Breaks Down

2 Haz 2022

Litecoin has slumped after holding on the high $60's for a few days. We noted the weakness and expressed trepidation for the bull rally in crypto. Subsequently, the crypto market sold off, and Litecoin smashed through $66.94 and $64.37, to find support just above $60. We anticpate this level to hold, but if it sells off further, then $55.84 should hold as a floor price for now. If we are ablet o rally, $64.37 and $66.94 will provide immediate resistance.