Litecoin has broken down from support in the $120's, smashing through multiple levels in the low $100 handle. We smashed through $105 and have tested the $90's twice. We simply don't have any more technical levels for LTC and have had to use inverse Fibonacci extensions to project the next level of support and target in the event of another wave of selling. Our projection is $94. Currently it seems that LTC is clinging to the $100's by a thread. If the rout in the crypto market continues, it will quickly give this up and test the $90's with $94 being our target.
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