Litecoin Blasts Off!! 🚀

7 Feb 2022

Litecoin has made considerable gains since our last report. At the time, it was ranging in the low $100's, with support from below by $105 barely hanging by a thread. We were able to smash through the upper bound at $114, which had provided resistance all last month. From there, we were able to break out even further, breaking resistance at $120, then $124. Currently, we are ranging between $124 and $130. It is reasonable to expect some ranging as LTC reestablishes footing in the $120's. The Kovach OBV has picked up considerably, and if we continue to rally, then $134 and $141 are the next targets. If we retrace, then $120 and $114 should provide good support.