Litecoin Lags

9 ביוני 2021

Litecoin has dumped with the rest of the crypto market. We are back to the mid $100 range, quite a tumble from the $300's where we were trading about a month ago. We are seeing strong support from the uppermost level in a cluster of levels extending down to $134, which does seem to be a lower bound for now. The level $147 seems to be holding and we may be seeing an inverse head and shoulders forming. Watch out because the Kovach OBV is still quite bearish. A lift may take us back to $184, but we still have a long way to go before thinking about $200 again