Litecoin to the Lower $50's?

26 Sep 2022

Litecoin has rejected our level at $55.84, and has steadily trekked downward. We are sure to see support from the low $50's as we have seen consistently. Indeed, $51.92 and $50.64 should continue to provide support, but if not we have a vacuum zone down to $45.48. If we pivot from lower levels, we could retest $55.84, but it will take significant momentum to break through this level and attempt the $60's again, which we do not anticipate at this time.