Litecoin Pressees HIgher

17 mar 2022

Litecoin has blasted off with the Fed decision yesterday. Cryptocurrencies and other "Risk On" assets have benefitted from the certainty of the decsion. The hike has been pried into the markets for months. Litecoin found support at $101, and tested $105, breaking it solidly, before breaking $109, which we have added as a technical level. We broke above that yesterday, but could not quite make it to $114, the next target. Currently we are testing $109 again, this time from above. We should find support there but if not, $105 or $101 should hold. The Kovach OBV has leveled off, which implies we will range or retrace.