Litecoin Retraces to the $120's

14 Feb 2022

Litecoin has broken down from the $140's, which appeared to be too top heavy for the beleagured coin at this time. We smashed through the $130's, which did little to provide a buffer to the $120's where we are currently seeing support. The Kovach OBV has dropped off sharply, leveling off as the price action meanders at current levels. If we selloff further, then $114 is the next level. If we see a bounce here, then $130 is the next target, then $134. We must break these two levels definitively to return to 'bull mode'.