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quantguy
May 20, 2022 1:22 PM

Litecoin Ranging for now... Short

Litecoin / U.S. dollarBitstamp

Description

Litecoin has equilibrated, and maintained the range between $66.94 and $73.62. The Kovach OBV is steadily rising suggesting a bull divergence, however the rest of the crypto market seems very dumpy, and Litecoin will follow in tandem with Bitcoin in the event of another selloff. If that happens, $55.84 is likely to hold for now. If we are able to break out of the current range, then $77.39 is the next target, then $85.08.
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