Litecoin Clings to the Lower $200's

22 Nov 2021

Litecoin appears to have bottomed out at $200. We saw a brief attempt to attain higher levels in the $200 handle, which stalled out at $227. We saw a red triangle on the KRI as LTC attempted to break out from this level, and the price was batted down back to support in the low $200's. We are currently seeing supoort at $209, but the Kovach OBV is very bearish suggesting that LTC is hanging on buy a thread. If it cannot sustain the $200's, then $195, $191 and $184 should provide support.