Litecoin has broken down lower as we predicted in these reports. Bulls got hopeful when we were testing $114, however LTC promptly dumped back to support at $105. We appear to be hanging on by a thread at this level but we do have a green triangle on the KRI to confirm support. If this does not hold, then $101 is our next target. If we somehow catch momentum, then $114 is a likely ceiling for now.
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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.