quantguy

Litecoin Holds Narrow Range

BITSTAMP:LTCUSD   Litecoin
Litecoin has leveled off around $68. We were able to break past two strong levels at $64.37 and $66.94, before momentum petered out. We are currently holding a very narrow range just above $66.94. We have a bit of a vacuum zone up to $73.62. We do not feel that LTC has enough in the tank to even cross the vacuum zone to attempt this level, but if it does, $73.62 should hold as a hard upper bound. If those levels in the $60's do not hold, there is a vacuum zone below them down to $55.84, the low of the selloff on the May 12th.

Join my discord at discord.io/quantguy
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.