Can Litecoin Hold the Mid $100 Handle??

Dec 7, 2021

Litecoin has attempted a meager rally, which brought us back to the mid $100 handle. We appear to be facing resistance at $165, which is a relative high. Though we could be seeing the beginnings of a bull wedge pattern, in anticipation of a bull breakout, the Kovach OBV is still very paltry, so we are not seeing the bull divergence we would normally expect. But if so, we have a cluster of levels above to provide resistance up to $174. After that, we have a vacuum zone back to $184, a former value area. If not, then beware of the vacuum zone below to $147 and $141.