quantguy

Litecoin Slides with the Crypto Selloff!!

BITSTAMP:LTCUSD   Litecoin
Litecoin sold off with the rest of the crypto market, following its 'big brother' Bitcoin. This was to be expected with choppy, low liquidity trading, general ambivalence, and failure to even attempt to make new relative highs. We alerted you as to the support levels below, so you should have been prepared. We are currently seeing support from $141, as confirmed by several green triangles on the KRI not only yesterday, but the on the 6th as well, suggesting that this is a strong level of support. But if we have another wave of selling, then the next levels below are in the $130 handle at $134 and $130 specifically. We anticipate a floor for now at $124.

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