Litecoin Ranging Near Highs

12 Mei 2021

Litecoin has caught some support but still has a way to go before reaching highs again. We had strong support from $340, and were able to break $375, which was once an all time high. There is a vacuum zone above and below. From above, we have $417, at highs, and this will provide significant resistance. From below, we have $340 and then $322. The Kovach OBV is still relatively strong but has registered the selloff from May 10th. We anticipate LTC to range a bit, feeling out the levels before making another run for highs