Litecoin has picked up, with the burst of momentum we saw in the crypto market. We found good support from $120 and $124 with $130 currently providing resistance. The Kovach OBV is edging up higher, but we don't have much technically to suggest a further rally. If we do see more momentum come through, then $134 is the next level of resistance, before we can attempt relative highs again at $141. If we retrace, $120 should hold as we continue the sideways corrective pattern.
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.