quantguy

Litecoin Rejects Lows!!

BITSTAMP:LTCUSD   Litecoin
Litecoin rebounded from lows along with the other cryptos. It had retreated to within a few dollars of the $100 handle, breaking just below our target of $110. It was then swiftly bought back, suggesting that this was a bargain for LTC. A green triangle from the KRI on the bottom confirms the low. We will have resistance from $134 as we attempt to establish the mid $100's again. Watch for the price to range feeling out the new territory, unless we see another buying wave which is doubtful at this point.

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