Litecoin Finding Support??

19 באוג׳ 2021

Litecoin has dipped significantly from highs. We have some rounding off in the price action from above, indicating that we may have peaked out at $188, the relative high. We do appear to be finding support at the 50% retracement, just above $161. If this does not hold, we should have further support at $158, a technical level, then $155, the 0.382 Fibonacci level. The technical and Fibonacci level at $147 seems auspicious and should be thought of as a min lower bound and great buying opportunity. The Kovach OBV has weakened tremendously, but does appear to be tapering.