Litecoin Holds on to the Low $100's

14 Mar 2022

Litecoin has been bouncing around the low $100's between $101 and $105. We have seen strong support at $101 by a green triangle on the KRI, and but a red triangle is confirming resistance at $105. It has held this range for the past week or so. The Kovach OBV is pretty flat, though it did dip slightly with the selloff. It is difficult to anticipate where it will go from here, but continuing to hold the range is highly likely. It is highly likely we will reject $105 and seek support at $101 again, but if not, there is a vacuum zone above to $114.