A stronger dollar and hawkish Fed outlook has impacted the crypto market across the board, with Litecoin plummeting from the $60's. We appeared to have good support there for quite some time, but $61.75 proved to be prohibitive, and we caved through to lower levels. We have been highlighting $55.84 as a lower bound for weeks now, and sure enough, this is the...
Litecoin sold off with the rest of the crypto market, following its 'big brother' Bitcoin. This was to be expected with choppy, low liquidity trading, general ambivalence, and failure to even attempt to make new relative highs. We alerted you as to the support levels below, so you should have been prepared. We are currently seeing support from $141, as...
Bitcoin is continuing to range between $48.2K and $50.8K. We are seeing a slight bearish trajectory here, and the Kovach OBV is arching downwards confirming it. From a broader perspective we are in a slight uptrend, getting support from a trendline andchored at lows at $45K. The technicals overall seem bearish. That rally from the selloff on December 4th seems...
