Litecoin Dives, Finds Support

18 Şub 2022

Litecoin has sold off with the rest of the crypto market. We smashed through support at $120, and tested $114, which appears to be holding strong as confirmed by a green triangle on the KRI. We made a concerted effort to pivot, which was promptly batted down at $120 again, confirmed by a large wick on the candle and a red triangle on the KRI. The Kovach OBV has dropped off notably, but it does appear to be leveling off. If $114 does not hold, there is a vacuum zone down to $105. If we are able to break $120 again, we are sure to meet resistance at $124.