Litecoin Finds Support at Familiar Level

At this point, I am still bearish, but I also recognize that we are in an area where we could see short-term recovery in Litecoin.

Litecoin fell a bit on Monday to pierce the $100 level. However, we have recovered a bit to form a bit of a hammer, so it is like likely that we will continue to bounce around in this area. That being said, if you remember, I had mentioned a couple of weeks ago that we kept making lower highs, and that does suggest that we could very well break down through all of…


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