quantguy

Litecoin Finds Support Ahead of FOMC

Short
BITSTAMP:LTCUSD   Litecoin
Litecoin found support at the base of the $50 handle. We made a run for the vacuum zone between the low $50's and $55.84, but momentum quickly dissipated and since then we are hovering around support in the low $50's. We do appear to have strong support at current levels, with $50.64 holding as a floor. Watch for Litecoin to range at current levels at least until the Fed rate hike at 2 PM EST.

Join my discord at discord.io/quantguy
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.