Litecoin Holds $100

22 Şub 2022

Litecoin plummeted as the markets digest the Russia/Ukraine conflict. We have retraced fully, back to lows after finding support at $105. Support failed but $100 held and we are currently testing $105 again but from below this time. If the $100's do not hold then there is a vacuum zone to $94. The Kovach OBV is still very bearish and we don't see much evidence to support a bullish outlook any time soon. However, current prices seem to be a discount, and we feel it might be time to start accumulating a long term position, with the understanding that we may press a bit lower.