quantguy

Litecoin Holds Narrow Range

BITSTAMP:LTCUSD   Litecoin
Litecoin has leveled off around $68. We were able to break past two strong levels at $64.37 and $66.94, before momentum petered out. We are currently holding a very narrow range just above $66.94. We have a bit of a vacuum zone up to $73.62. We do not feel that LTC has enough in the tank to even cross the vacuum zone to attempt this level, but if it does, $73.62 should hold as a hard upper bound. If those levels in the $60's do not hold, there is a vacuum zone below them down to $55.84, the low of the selloff on the May 12th.

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