Litecoin Buying Opportunities!!

10 feb 2021

After breaking relative highs at $186, Litecoin came very close to hitting our next target at $199, before a selling wave took us back to support at $174. There appears to be a wick here suggesting that this level will hold, but if not, we can look to $166 for support, then $158. The Kovach OBV is still strong, so we do not expect any significant bear trend here. The Kovach Chande has dipped and the divergence suggests a distinct buying opportunity. A green triangle on the Kovach Reversals Indicator would be the icing on the cake. Again, $199 is our next target for LTC.