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quantguy
Aug 12, 2022 10:39 AM

Litecoin Struggling With the $60's Long

Litecoin / U.S. dollarBitstamp

Description

Litecoin has stabilized in the $60's, with $64.37 a consistent barrier. We made several attempts to break past this level but have been thwarted three times since mid July. The level $61.75 seems to be providing good support, but if not, there is a vacuum zone below to $55.84. We should have some further support at the base of the $60 handle first. If we can break through $64.37 then $66.94 is the next target.
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