Can Litecoin Hold the $60's?

15 Agu 2022

Litecoin attempted higher levels in the $60's, but faced strong resistance at $64.37. We appeared to make a valiant attempt at breaking through to $66.94, but retraced hard back to support at $61.75. This level appears to be holding so far, but watch the vacuum zone below to $55.84. We do appear to be seeing a large bull wedge forming since the end of July and spanning all of August, which could suggest that LTC is gearing up for a breakout. If so, we must first solidly break $64.37 before we are able to establish higher levels in the $60's.