Litecoin Pulls Back

٧ يونيو ٢٠٢٢

Litecoin has retraced back to the lows of the $60 handle, exactly as we mentioned yesterday. We were sure that $66.94 would be a hard upper bound and warned readers to that effect. Sure enough, LTC swiftly sold off from this level to the aforementioned support. We do appear to have strong support at $61.80 or so, with several green triangles on the KRI attesting to that. The Kovach OBV has basically flatlined, suggesting that we are likely to continue ranging.