Litecoin Finds Support at $100

Feb 28, 2022

Litecoin has made an attempt at recovering from the selloff to the low $90's. It reached as high as $114, where a red triangle on the KRI indicated storng resistance. It has currently retreated to support at $101 or so, which we have added as a new technical level. This seems to be holding, but if there is a further selloff, there is a vacuum zone down to 94, then 92. These should be considered floor prices for now. The $100's are likely to hold as LTC finds footing.