Litecoin Testing the $60's

6 Sep 2022

Litecoin made a run for our target at $61.75. We wicked a bit higher than this level, but a red triangle on the KRI indicated swift resistance and we plummeted immediately afterwards, back to the high $50's. We appear to be teetering in the $59-$60 area, forming value. If this value area does not hold, we could easily test $55.84, and if that does not hold, we will likely test the base of the $50 handle again.