Litecoin Retraces, Still Looking Strong

22 Eki 2021

Litecoin has dipped sharply from $209, falling below the $200 handle to support at $195. This is a level we have called out many times and one as to which we have alerted you yesterday. We do appear to be consolidating between $195 and $202 at the moment. The Kovach OBV was strong, but has leveled off. The chart still looks strong overall, and a technical retracement is to be expected. If we dip further, $191 will provide support then $184. If we break out again, we must clear $202, then $209, before we consider our target of $217 again.