Litecoin Ranging

10 set 2021

After plummeting from the $200's, Litecoin has found support at $169 the head of the inverse head and shoulders pattern from which it broke earlier. This is effectively a full retracement of the move it made which brought us to the $200's in the first place. We are currently ranging, establishing value again between $169 and $191. From here it could go either way. If we break down, then $169 should provide support. But if that does not hold, then $158 is the next level down. On the upside, $191 and $195 are the next levels to break, then we can consider the $200's again.