Litecoin Finds Support Ahead of FOMC

Litecoin found support at the base of the $50 handle. We made a run for the vacuum zone between the low $50's and $55.84, but momentum quickly dissipated and since then we are hovering around support in the low $50's. We do appear to have strong support at current levels, with $50.64 holding as a floor. Watch for Litecoin to range at current levels at least until the Fed rate hike at 2 PM EST.