Litecoin Confirms $50 Level as Support, Pushes Higher

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·@scaredycatguide·
0.000 HBD
Litecoin Confirms $50 Level as Support, Pushes Higher
Last week litecoin was flirting with the $50 level.   Since that time price was able to break through that key level and confirm the breakout with a successful test.

## Litecoin Level Up

![Capture.PNG](https://cdn.steemitimages.com/DQmTJasw7j53r7sZyxUKfC4zCbx7ToCrw6im5czEcszN9Cy/Capture.PNG)

## Reverse and Rally

As you can see looking at the chart after price blasted above $50 we got an orderly pullback, touching that level on an intraday basis before rallying to give us a reversal candle on Jan 24th and pushing higher now.

### Targets...

For the upside the $63-$65 area are the next targets and then downside is that $50 support.  So long as we stay above $50 price action is bullish to neutral.  

[![Scaredy Cat Guide Logo..jpg](https://cdn.steemitimages.com/DQmVzn7MrZiYQuqToNeKAPpPoGvbuGaUQaWWpfcqfDBiuZ2/Scaredy%20Cat%20Guide%20Logo..jpg)](https://steemit.com/@scaredycatguide)

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