Litecoin Facing Resistance, Building up Momentum

26 May 2021

Litecoin has recovered from lows, but is thwarted by numerous levels of resistance. The Kovach OBV has picked up, relative to other cryptos, but we are still not seeing anything close to a serious crypto moon, which will be necessary to smash through levels above including $200, $209, $217 and $227. We should see support again from $184 if we see a retracement. LTC is likely to range at current levels, while building up steam for a breakout.