Litecoin Pivoting??

23 Feb 2022

Litecoin got strong support from $100, pivoting off this level as it retraced past our level of support at $105. With the pivot, we were able to clear $105 again, and appeared to be in the vicinity of $114, but momentum seems to be petering out and we are meandering in the middle of the vacuum zone between $105 and $114. If we can recover further and break $114 then $120 is the next target, then $124. If we retrace further, then $105 and $100 should provide support, but if not, $94 is the first level of support in the double digits.