Litecoin Faces Strong Resistance

2022年5月23日

Litecoin is gradually trending up to the upper bound of the range at $73.62. We are holding the range between this and $66.94, as the crypto market has remained in a slump for the past ten days. We are seeing very little momentum come through and the Kovach OBV has rounded off, flattening out completely. We will need more momentum to come through into crypto in general before we expect to see a move in Litecoin or anything else. We are seeing incredible resistance from $73.62, with multiple red triangles on the KRI. But if we can break through this, then $77.39 should provide immediate resistance. After that, there is a vacuum zone to $85.08.