quantguy

Litecoin Slumps

Short
BITSTAMP:LTCUSD   Litecoin
Litecoin has been continuously bound by $58. We have broken through $55.84, albeit barely. Currently we are testing support here. The price action is rounding off, suggesting weakness. If we break currently levels, we should see further support in the low $50's. If we are somehow able to rally, then $61.75 is the next target.

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