Litecoin Testing Lows
Litecoin rejected $105, as we anticipated here. We plunged through support at $101, and gave up the $100 handle entirely with ease. Currently, we are seeing support from $94.84, but are not seeing much of a pivot. The last time we tested this level we saw a nice bounce back to the $100's. The Kovach OBV has slumped and is looking pretty bearish. If we are able to pivot from current levels, $100 should provide resistance for now. If we break down further, then $92.62 is the last level in the $90's to provide support, then there is a vacuum zone down to $85.05.
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.