Crypto Run Does Little for Litecoin 🤦‍♂️

Dec 16, 2021

Litecoin saw a nice lift from the FOMC meeting, along with the rest of the crypto market. But this rally was paltry with respect to some of the other cryptos, and the $160's still remain a barrier. We have regained value in the $150's, currently in the vacuum zone between $147 and $158. The Kovach OBV has dipped sharply, but has stabilized since, suggesting we are to hold this range until we see further momentum either way. We should see resistance from $158 and $165, with the latter being a ceiling for now. Our lower bound should be $141, but if the $140's don't hold then the next support level is $134.