Litecoin Ranging

7 ביוני 2021

Litecoin saw some weakness over the weekend, but caught support at $169, which is a level we have identified many times in the past. We are currently facing resistance from $184 and even if we are able to break this, we will catch strong resistance from $200. There are many barriers in LTC's way. The Kovach OBV has stagnated completely so we do not anticipate it to break this range until we catch a signfiicant bid. From below $158 will continue to provide support if another selling wave hits.