Small Rally in Litecoin Faces Resistance

Litecoin got a much needed lift with the crypto market. It was finally able to break through $101, which was a barrier for the past few days. We reached $105, which we have been touting as teh next price target for some time. However, this level appears to be providing resistance, and we are currently witnessing a bit of a retracemnet. The Kovach OBV has barely moved off this rally, suggesting that we need a lot more momentum to come through before we can reach higher levels, but if so, $109 is the next target. If we reject $105, then we should get support at $101, but after that watch the vacuum zone to $95.84.