Litecoin Tests Relative Lows

12 Jul 2022

Litecoin has broken through support at the base of the $50 handle, to test lower levels in the vacuum zone down to $45.48. We are about midway between this level and $50.64, hovering around $47.49 at the time of this writing, which is a relative low from earlier this month. If we test lower, anticipate $45.48 to hold, but if not, there is another vacuum zone down to lows at $39.05. If we rally, then the low $50's are a reasonable target, where we expect strong resistance.