Litecoin Breakout??

9 Sep 2021

Litecoin appears to be establishing value around $180 after dumping from the $200 handle. We do appear to be forming a bull wedge bounded from above $184. Several red triangles on the KRI are reflecting the resistance here. The Kovach OBV is pretty flat, so we will need to wait for more momentum to come through before we can consider breaking out. If so, $191 will be the next target. If not, $174 and $169 should provide support.