Litecoin Slides Lower

30 giu 2022

Litecoin has rejected highs around $60, and has steadily declined from there. Support in the $50's seems to be holding on by a thread, as the rest of the crypto market is looking pretty weak right now. We have just pierced our level at $51.92, with a vacuum zone down to $45.48, below. The Kovach OBV has flatlined suggesting that we need more momentum to come through either way before something interesting happens. If support does not hold at $45.48, then a likely floor is $39.05.