Litecoin Languishes

9 giu 2022

Litecoin continues to maintain the range, but is tending toward lower levels. The price has drifted down from highs at $66.94. A red triangle on the KRI has confirmed resistance here, and this is the level to break if we want to consider a proper bull rally. If so, there is a vacuum zone to our next target at $71.62. We have strong support from $61.75, confirmed by several green triangles on the KRI, but if support gives way, then there is a vacuum zone below to $55.84.