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Litecoin continues to hold $45 and probably will continue hold

Long
Litecoin (COINBASE:LTCUSD)  
stewdamus  
COINBASE:LTCUSD   Litecoin
Trend Analysis Chart Patterns Litecoin (Cryptocurrency) LTCUSD trend analysis chart patterns priceaction
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trendanalysis chartpattern litecoin ltcusd trend analysis chart patterns priceaction
Not surprisingly, Litecoin (LTCUSD) is holding it's $45 support today. While it is possible that it could go lower, my suspicion is that it won't. Instead, while Bitcoin (BTCUSD) continues to unravel until our Aug. 1 target date, I suspect Litecoin (LTCUSD) will bounce around in here between the $45 support and $50 support until our middle Bollinger Band or 20 MA comes up a bit to give us a boost. Once this happens, it may provide just enough steam to propel us back over $50 which is now currently acting as resistance. Then onto $60-$75 for Litecoin!

Happy Trading friends!
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