Can Litecoin Break the $90's?? 😰

2022年5月9日

Litecoin has smashed through lows. Two levels in the $90's did little to stop the fallout. We cut through $94.84 and $92.62 with ease. We currently appear to be finding support at $90, which is a psychological level. However, there is a vacuum zone down to $85.08. The Kovach OBV is very bearish, which usually would indicate oversold conditions and portend a pivot, however we are not seeing much buying interest at the moment. A relief rally could test the aforementioned levels in the $90's, but we feel that the $100's are too ambitious at this point.