Technical analysis by quantguy about Symbol LTC: Buy recommendation (11/11/2022)

Litecoin cratered with the rest of the crypto market but has not remained downtrodden. It has since pivoted from lows in the high $40's, and blasted through $55.84 to $61.75. The $60's did little to hold Litecoin back, and we are currently pressing further to $64.37. The Kovach OBV has edged up significantly, suggesting that confidence in this coin is truly high (due to the Moneygram news) and not just volatility. If we break through $64.37, then we could test $66.94 again. If not, expect support in the low $60's, then there is a vacuum zone down to $55.84.