Litecoin Tests $190's

Sep 16, 2021

Litecoin has drifted up to test the upper bound of its range at $191. In fact, we were able to punch through this briefly and test the exact levels we mentioned before at $191 and $195. However we met swift resistance here, as confirmed by two red triangles on the KRI. There is a definite preference for the upper bound of the range, however, and currently we are sitting at about $189. But the Kovach OBV is still stagnant, and appears to have turned over, suggesting a divergence. Watch for support at lower levels such as $184 and $174. If we are able to break out, then $191 and $195 are the last levels in the $100 handle.