Litecoin Testing Lows

6 Mei 2022

Litecoin rejected $105, as we anticipated here. We plunged through support at $101, and gave up the $100 handle entirely with ease. Currently, we are seeing support from $94.84, but are not seeing much of a pivot. The last time we tested this level we saw a nice bounce back to the $100's. The Kovach OBV has slumped and is looking pretty bearish. If we are able to pivot from current levels, $100 should provide resistance for now. If we break down further, then $92.62 is the last level in the $90's to provide support, then there is a vacuum zone down to $85.05.