Litecoin Finding Support!!

17 May 2021

Litecoin has extended losses, solidly establishing the $200 handle again. We found support at $264, but found immediate resistance at the level above at $291. After that we have a vacuum zone back to $322, if momentum reignites. The Kovach OBV and Chande suggest that we are oversold and may see a reversal. A green triangle at lows on the KRI suggests we have strong support at $264, and this may be an absolute lower bound for now.