Litecoin Bottoming Out??

Litecoin / U.S. dollar BITSTAMP:LTCUSD

quantguy

Litecoin has broken down lower as we predicted in these reports. Bulls got hopeful when we were testing $114, however LTC promptly dumped back to support at $105. We appear to be hanging on by a thread at this level but we do have a green triangle on the KRI to confirm support. If this does not hold, then $101 is our next target. If we somehow catch momentum, then $114 is a likely ceiling for now.

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