Litecoin Pivots

18 thg 10, 2022

Litecoin rallied meagerly with the rest of the crypto market. We were able to pivot off $50.64, the very last technical level of the $50 handle, and test $51.92. However, we are currently meeting resistance there, confirmed by red triangles on the KRI. If we are able to break out, there is a wide vacuum zone to the next target of $55.84. The Kovach OBV is pretty flat so this is unlikely at this time. If we reject current levels, expect $50.84 to provide support.