Litecoin Attempting Recovery??
Litecoin / U.S. dollar BITSTAMP:LTCUSD
Litecoin dipped into the $90’s, where finally saw some buying interest. Though this was sufficient enough to take us back to the $100 handle, we were unable to break the next major technical level of $101. We are currently sitting just under that, with two red triangles on the KRI confirming resistance here. The Kovach momentum indicators look pretty weak, but we do appear to be forming a bull wedge under $101. If we are able to break through, then $105 is the next target. Otherwise, we expect $94.84 to hold as a floor.
