Litecoin Drifts to the Low $100's

4 Mar 2022

Litecoin has rejected $114 as we anticipated yesterday. The price action was quite weak, with low liquidity and red triangles on the KRI at this level. Subsequently, as anticipated, we retraced to support at $105, with $101 to provide further support should $105 not hold. Note the vacuum zone to $94 if the $100's do not hold. The Kovach OBV is weak, but stable, suggesting the current range is likely to hold. If LTC makes a run for highs, $114 is likely to be a ceiling for now.