Litecoin Faces Resistance

18 May 2022

Litecoin has been edging up, but is facing strong resistance at $73.62 confirmed by multiple red triangles on the KRI. The Kovach OBV is moving up steadily, suggesting that we may be building up for a breakout. If we are able to break out, we must first clear $77.39, before considering the $80's again. If resistance proves to be too much, then $66.94 will provide support, then there is a vacuum zone back to $55.84.