Litecoin Rejects the $160's
Litecoin has pressed higher, testing a relative high at $165. we were able to break it just barely but faced prohibitive resistance with $169. Several red triangles on the KRI suggested that these levels in the $160's were a bit too top heavy for Litecoin. Currently we are finding support at $158, confirmed by a green triangle on the KRI. If we break this level there is a vacuum zone down to $147. If we are able to hold this range, then anticipate Litecoin to establish value between current levels and the $160's.
Join my discord at discord.io/quantguy
Related publications
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.