Has Litecoin Bottomed??

14 giu 2022

Litecoin plunged deeper finding support at the base of the $40 handle, just above our next target below at $39.05. After that, we saw a nice pivot back to $45.48, which appears to be holding as a resistance level. We are seeing a lot of volatility between $40 and $45.48, which typically signifies a bottom, but in these markets we can't be sure. We expect current levels to hold today as the markets anticipate the FOMC event tomorrow. If we dump further, watch $39.05 to hold as a hard lower bound, but if not, we are free to test the lower $30 handle.