Litecoin Dumps from Highs, Catching Up with the Crypto Market

Weakness in the crypto market has caught up with Litecoin, which made a genuine attempt over the weekend for higher highs. We were able to break out from the $130-$140 range and test the $150's, but our level at $153 was too much for LTC and we came crashing down to support at $141. We are currently testing support at this level from above, which is significant because this was formerly our upper bound. Litecoin is still holding much stronger than the rest of the majors, which are all clinging to lower levels. If we can see a pivot at $141, then the next target is $147, then $153 again. If we break down further, then $134 is the next level where we anticipate seeing support.