Litecoin Stabilizes... For Now

11 May 2022

Litecoin seems to have bottomed out at $73.62. We are seeing some ranging and volatility in the $70's, which may be a sideways correction into the bear trend. The $80's seem to be a hard barrier to LTC, and the Kovach OBV is still bearish. But if we can attempt a breakout, then $85.08 is the next target. We anticipate $73.62 to hold as a floor price for now.