Litecoin Struggles to Break Out

2 Mar 2022

Litecoin continues to meet resistance from $114, with two red triangles on the KRI confirming resistance here. We have been bouncing around between $100 and $114 since the end of September, and appear to be forming a nice value area here. The Kovach OBV has slumped a bit, suggesting there is a slight bear divergence, so if we retrace, then $105, and $101 should provide support but watch the vacuum zone to $94. If we are able to break $114 then $120 is tne next target.