Litecoin DUMPS!! 💥📉

10 May 2022

Litecoin melted down yesterday, smashing through all of our levels. We've had to add in some levels below, using inverse Fibonacci levels and identifying technical support, since we've simply run out of levels from below. We do appear to have good support at $73.52, which seems to be a low for now. Subsequently, we saw a nice pivot from there and have bounced to just below our level at $85.08, where a red triangle on the KRI is signalling some resistance. From here it is likely to feel out the range between $77.39 and $85.08. If we gain momentum, then there is a vacuum zone back to $92.62. If not, we could retest lows again at $73.62.