Litecoin Recovers $100

Feb 25, 2022

Litecoin fell to support with a low at $92 or so, before rebounding back to the $100's. We are currently testing $105, the first level in the $100 handle from below. The next level is $114, and if we are able to break through resistance here, we should be able to make a run for this level, as this price range was a previous value area. The Kovach OBV has picked up a bit, but seems unconvinved of true bull momentum. If we range today, then current prices in the low $100's should hold. If we sell off then we may test $94 or $92 again, but these levels should be considered a floor price for now.