Litecoin Continues to Range

May 27, 2021

Litecoin is struggling to break into the $200 handle. It is stuck at $200.00, right on the dot as we write this. We are seeing the price action 'round off' like we are seeing in other cryptos including Bitcoin and Ethereum. This could indicate we are losing steam and may see another correction back to lower levels, like $174 or even $158. The Kovach OBV is gradually picking up, which suggests that we may be coiling up for a breakout. If this is the case, $209, $217, and $227 are the next target levels we will be watching.