Litecoin Struggling with $100
Litecoin still remains bounded by $101, and is currently hovering around $100. As we mentioned yesterday, we saw a nice pivot from $94.84, and show a clear bias for $100. We do appear to be seeing a bull wedge forming bounded by $101, but the Kovach OBV is looking pretty weak, and appears to be turning a bit bearish. We will need more momentum to break out from current levels. If so, $105 is the next target. If things turn south then $94.84 should provide support again.
Join my discord at discord.io/quantguy
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.