quantguy

Litecoin Lackluster After FOMC

Short
BITSTAMP:LTCUSD   Litecoin
Litecoin rejected its attempt to regain the mid $50's with a strong selling spike back to support at $51.92 and $50.64. We don't expect too much momentum today, as the markets are likely to feel out the results of the FOMC yesterday. But if we gain momentum $55.84 is the next target and $50.64 should hold as a lower bound.

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.