Litecoin Trends Higher, What's Next??

19 Jul 2022

Litecoin is tending to the high $50 handle, peaking just below $60, but finding support at $55.84. We are feeling out the midpoint between this level and $61.75, which remains a barrier and must be broken before we can consider testing higher levels in the $60's. The Kovach OBV is surprisingly quiet dispite the rally, so we anticipate a retracement soon, to $51.92 or $50.64.