Litecoin Plummets wtih Crypto Meltdown

Litecoin got smashed with the rest of the crypto market as the APAC session reacted to soaring US inflation data released on Friday. We have sliced through major levels to find support in the $40's. It is difficult to imagine that in our last report on Friday, the support level was $61.75. We've since broken through lows at $55.84, then $51.92, then $45.58. It appeared that we were going to make a run for the $30's, but have since found support just above that, in the vacuum zone between $39.05 and $45.48. The Kovach OBV is looking pretty abysmal, and we are not seeing much in the way of a buy-back.