quantguy

Litecoin Makes a Run for the Mid $50's

Short
BITSTAMP:LTCUSD   Litecoin
Litecoin found support in the low $50's and subsequently pivoted, making a concerted attempt at higher levels. Currently, we are contending with $55.84, seeing strong resistance from multiple red triangles on the KRI. If we can break past this, then the next target is $61.75, if we can cross the vacuum zone above. If not, then we should see further support in the low $50's again.

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