Three Reasons Not to Get Excited About Litecoin 🥱

Litecoin continues to hold the range between $105 and $114. Currently, we are drifting below this upper bound at $111 or so. The Kovach OBV is edging down, suggesting there is little or no buying in LTC at this point. When we see that combination of lack of buying interest, a hard upper bound, and a bear bias to the indicators, we can expect lower prices, unless strong momentum comes through. If so, then we still must break $114 in order to see $120. Otherwise, $105 should continue to provide support, then $100 if that fails.