Litecoin Looking Weak 😳

٢٨ يناير ٢٠٢٢

Litecoin has completely flatlined, finding support at $105. The Kovach OBV has flattened, with a very slight bull divergence, and volatility has narrowed considerably, suggesting a breakout may be near. If that is the case, watch $114 and $120 as targets to the upside. If we break down, then $94 should provide support. The lackluster performance at such bargain prices suggests the risks are to the downside and we may anticipate another dump.