LTC/USD ANALYSIS

LiteCoin fell as well, reaching towards the $37.50 level. We still see a significant amount of support in this area, extending down to the $35 handle. We are looking for a supportive candle or some type of short-term bounce to start buying again. Ultimately this market looks as if it wants to test the $50 level, but we will have to break free of the $42.50 level, and then the $47.50 level after that. Longer-term, this market still looks very bullish.
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