Litecoin Finds Support in the Low $50's

Aug 29, 2022

Litecoin found support in the low $50's touching our level exactly at $51.92. We caught a nice pivot, and tested the next level above which we also identified perfectly, to the tick, at $55.84. A red triangle on the KRI indicated resistance, and we swiftly rejected these prices, currently wavering in the vacuum zone between $51.92 and $55.84. We should establish value in this area, as the crypto markets are leveling off after the selloff from hawkish Fed rhetoric permeated the markets.