quantguy

Litecoin Drifting

Short
BITSTAMP:LTCUSD   Litecoin
Litecoin has seen a small pivot with the rest of the crypto market following a small rally in Bitcoin. We were able to pivot off of support in the lower $60 handle, but found immediate resistance at $64.37, then $66.94 which is a hard upper bound. We have cited these levels numerous times in the reports, and they continue to hold. It is unlikely there will be much follow through in this rally but if so, $73.62 is the next target. If we retrace, then expect support at $60, then there is a vacuum zone to lows at $55.84.

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