Litecoin Breaks Down!!

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Litecoin has broken down from support at $130. It has found support at a relative low which we are identifying as a new technical level at $124. We are seeing some nice support here, as identified by a green triangle on the KRI. From below, we will have further support at $120, but then a vacuum zone below awaits to $105. We are likely to meet stiff resistance at $130, and if we are able to break that, $134 is the next target.