Litecoin Sustains $50

Litecoin has been maintaining the range between $51.92 and $55.84. We were tending toward the upper bound of this range which had bulls hopeful, however we met strong resistance from red triangles on the KRI, and the crypto market selloff took us back to $51.92. Luckily, this level is still holding and it could have been a lot worse, which is encouraging. If we continue to sell off, expect further support at $45.48, with $39.05 a floor price for now.