Litecoin Sells Off

2 באוג׳ 2022

Litecoin retraced sharply after establishing the mid $60's during the brief rally crypto saw after the FOMC. We are finding support in the $50's just above our level at $55.84. If we can pivot off this level, we may retrace through the vacuum zone to $61.75 again. If support does not hold there is another vacuum zone below to $51.92. We should see very strong support at the base of the $50 handle from two strong levels at $51.92 and $50.64.