Litecoin Picks Up!

31 May 2022

Litecoin has gained strength with the rest of the crypto market off of the stock market rally. We saw a rounding bottom form lows just above $60, with a nice rally taking us back to just below $70. The Kovach OBV is still a bit lackluster, so we will see if Litecoin has enough momentum to sustain this rally. It seems that crypto is really tied in tandem with the stock market, so keep your eye on the S&P for clues as to the price action of crypto. We should see support at $64.37, with a target at $73.62.