Litecoin Struggles to Maintain $50

6 Tem 2022

Litecoin has been trending downwards, breaking below our support levels in the $50's. We trekked briefly into the high $40's, finding support confirmed by a green triangle on the KRI. The Kovach OBV has flatlined suggesting we need more momentum to come through before we can anticipate any action. If so, the mid $50's seem like a good target. If we retrace further, we should have support from $45.48.