Litecoin Sells Off After Ukrainian Invasion

24 feb 2022

Litecoin has sold off with the rest of the crypto market on the Russian invasion of the Ukraine. We appeared to be making an attempt to break through to higher levels with the $100's holding and an apparent concerted effort to test $114 again. However, the news was devastating for LTC, which regrettably retraced all of this move and then some, giving up the $100 handle entirely. But we did see support from our level at $94, a level we have been mentioning for the past week or so, as a candidate for support if $100 didn't hold. We will have further support from 92, which we appear to be testing now. If this does not hold then the next target below is $85.