Litecoin Consolidating

31 באוג׳ 2021

Technical weakness pervades the Litecoin chart as with Bitcoin. We appear to be seeing a very broad consolidation pattern in formation with subtly higher lows and lower highs. This is forming a consolidation pattern, perhaps a flag or a triangle. As volatility consolidates, we could expect a breakout. We will have support below at $161, and above we can expect resistance at $184 if we can break the most proximal resistance level at $174.