Litecoin Retraces from Highs

5 Nov 2021

Litecoin has weakened, retracing from highs at $209 to support at $200, after breaking past $202. We briefly tested $195, before regaining the $200 handle, barely. These are all levels we have identified in previous reports and have been eyeing for the past several months. The Kovach OBV has taken a nosedive, so if weakness persists, expect further support at $191, $184, then $174. The double top at $209 looks pretty ominous, but we first must crack this before we can consider higher levels, $217 being the next target.