quantguy

Litecoin Hammered!! πŸ”¨πŸ“‰

Short
BITSTAMP:LTCUSD   Litecoin
Litecoin got hammered, giving up the $100 handle entirely. Earlier this week, the high $90's got bought up quickly, and we were able to make a concerted effort to make it back to $105. However, we were promptly batted down to lower levels, finding support just above our next technical level below at $94.84. We are seeing several green triangles forming at these lows suggesting support. We are now seeing $101 providing resistance, where it once gave us nice support. If we are able to break through this, $105 is the next target.

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