Lots of Action in Litecoin!! 📈💥

7 Sep 2021

Over the weekend, Litecoin had a tremendous rally, breaking through the $200 handle and blasting through several levels to the upside. It achieved about $230 before running out of steam. Unfortunately, LTC has given back much of its gains, retracing back to support at $200. We are seeing a green triangle on the KRI, suggesting the $200 handle will hold for now, and this may provide a great entry point for those looking to accumulate a position. If $200 does not hold, it is back to the $100 handle, with $195 and $191 to provide support next.