Litecoin Tumbles as Cryptos Selloff

Litecoin has sold off with the rest of the crypto market, finding support at our level at $124, which we identified yesterday in the reports. Litecoin was wavering around these levels earlier this month, with a wick testing $120. It's inability to establish new lows, unlike the majors which have all established sharply lower levels, is a good sign for LTC. If the selloff continues, then $120 should provide support as it is not only a technical level, but a low from earlier this month. If not, there is a vacuum zone down to $114. If we see a relief rally, then the $130's should be a ceiling, with targets at $130 and $134 to provide resistance.

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Litecoin broke $120!!