Litecoin Hangs onto Support

Litecoin has gotten some support, as anticipated, from levels in the low $50 handle. In particular, $51.92 is holding strong, with $50.64 right below it. We are seeing a small pivot from here but if we fail to follow through, then we are likely to hover at these levels and potentially break through. There is a vacuum zone below to $45.48. We are just about midway to the next level at $55.84, but resistance is already setting in confirmed by red triangles on the KRI. If momentum can continue expect resistance at $55.84.