Can Litecoin Clear the $70's??

16 May 2022

Litecoin has recovered from lows around $55, and made a run back to the $70's. We have rejected $73.62 twice confirmed by two red triangles on the KRI. The Kovach OBV has drifted up, but still has a way to go before being considered properly 'bullish'. We must break $73 and $77 before considering higher levels. If we are able to do this, then $85.08 is the next target. We are currently hanging onto $66.94 for support, and if we press further down, then there is a vacuum zone back down to $55.84 where we should see support once more.