Litecoin Pivots from the Low $50's

27. Sept. 2022

Litecoin benefited from a massive rally in crypto, pivoting off of $51.92. We crossed the vacuum zone with ease and are currently testing the next level at $55.84. This level should be very familiar to dedicated readers. As anticipated, we are seeing resistance here, confirmed by a red triangle on the KRI. If the rally continues, we could easily make a run for the $60 handle. If we reject current levels then $51.92 is sure to provide support again.