Pivot for Litecoin??

Jul 8, 2022

Litecoin saw a nice pivot from the high $40's, meeting resistance around $54 or so before retracing to support at our level at $51.92. A green triangle on the KRI is confirming support, but we are looking a bit weak at the time of this writing. The Kovach OBV is still pretty flat, and if momentum stalls, we should see support at the base of the $50 handle, but after that there is a vacuum zone to $45.48. If we can pivot off current levels then $55.84 is the next target.