Litecoin Bottoms Out... For Now...

13 במאי 2022

Litecoin has continued a rally after smashing through lower levels, testing the $50's. We found support at $55.84, confirmed by a green triangle on the KRI. We were able to reestablish the $60's after that, breaking through $66.94, then making a run for $73.62. We are currently just shy of this level, hovering about $72 or so at the time of this writing. We are running into some resistance confirmed by red triangles on the KRI, but the Kovach OBV has picked up. It is starting to level off, and it will take more momentum to press higher. We must first break $73.62, then $77.39 is the next target. After that, we have a vacuum zone to $85.08.