Litecoin Retraces from Our Target

Litecoin has come just shy of hitting our next target at $64.37, retracing sharply after rejecting this level. Resistance was confirmed by a red triangle on the KRI, then we promptly retraced back to support at $61.75. We are currently seeing support from this level. If things go south, we could break through to the vacuum zone below. The next support level after that is $55.84. If momentum picks up, we could test $64.37 again, then $66.94 is the next target.