quantguy

Litecoin Looking Weak

Short
BITSTAMP:LTCUSD   Litecoin
Litecoin drifted upwards after getting some buying interest from lows around $60. We edged up to $64.37 but faced immediate resistance there and faced a rejection back to the lower $60's. These levels do not seem enough to entice buyers in any significant way. Our levels at $64.37 and $66.94 appear to be hard upper bounds and barriers to Litecoin. In the event of another selloff, we could test lows at $55.84 again.

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