Litecoin Tests Lows Again

Litecoin has slid from the highs of the range, testing support at relative lows. This range has held solid since mid-September, so we anticipate to continue to hold. We have strong support from $51.92 and $50.64. If support holds at these levels, we should see a pivot back to $55.84, where we are sure to see more resistance. However, a sharp selloff could break through and take us back to the $40's.