Litecoin Slumps, Holds $200 Handle

23 nov 2021

Litecoin has continued to slump in the low $200 handle. We have rejected $227, and have made a steady decline since. We are starting to see support just below $209 as confirmed by three green triangles on the KRI. We are hovering just above our next level of support at $202. The Kovach OBV is abysmally oversold, so we may be in for a relief rally soon, especially if $202 holds. If not, then we should have support at $195, $191, then $184. If we catch a bid, then $227 must be broken before we can confirm a bull trend.