Litecoin Rejects $200

May 28, 2021

Litecoin has rejected $200 pretty solidly. It has retraced back to support at $169. If this does not hold, we will see further support from $159. A cluster of levels will provide support, all the way down to $134. However, we also have a cluster of levels to provide resistance from above. The $200 handle seems the main contender for LTC at the moment. After that, $227 is the next serious level before a vacuum zone to $242. We still have an ocean between current levels and highs, and we need some serious momentum to come through before even thinking about that. The Kovach OBV appears to be inching up, but nothing near what we'll need to break $200.