Litecoin Lags in the New Year

Litecoin is continuing to hold the value area between $147 and $153, starting 2022 with ambivalence. We aren't seeing much momentum here at all, even for LTC. The Kovach OBV is quite flat since the 27th of December 2021, but it does suggest a very slight, gradual bull bias, and may be forming a bull wedge or other bull consolidation pattern as the price tends to $153. We will see if this is enough to confirm a bull divergence and a break out, but this seems doubtful. We have observed prohibitive resistance from $153, which should hold over the next few days, unless the crypto market can find a pulse again. If not, watch $147 and $141 for support.