Litecoin Rounding Off

Aug 2, 2021

Litecoin broke $147, but immediately rejected this level, falling back to support in the upper $130's, but appears to be making another run for $147. We broke $141 again with ease, but momentum appears to be petering out right now, as LTC establishes value between $141 and $147 again. The highs are rounding off, which may further confirm the loss of momentum. The Kovach OBV still appears strong, however, so watch $147, as this is the level to break before we can consider higher levels. There is a vacuum zone above to $158, which is our next target. We will find support from $141 and $134 if these levels don't hold.