Litecoin Gives Up $200 😱

29 nov 2021

Litecoin has crashed from relative highs at $227 and has smashed through support giving up the $200 handle completely. We finally saw a floor at $184, a level we have identified in these reports many times. We noted in the last report that if $195 and $191 failed to provide support then $184 should hold and this is exactly what happened. Currently, we are making a run for higher levels with the rally in the crypto market, but we don't seem quite ready to sustain the $200's just yet. We rejected $202, and are currently finding support at $195, with a green triangle on the KRI confirming the support. The Kovach OBV is still bearish despite the relief rally, but we anticipate $184 to hold for now if the selloff continues. If we catch another rally, then we must break $202 to see higher levels, and regain the $200 handle.