Litecoin found support in the low $150 handle, finally getting a lift from the selloff. It appears to be one of the weaker cryptos, only recovering 10% or so from lows. We anticipate another buying wave to eventually set in. But the Kovach OBV has barely moved despite some nice momentum in Bitcoin, so we are cautious. If we have not hit the max pain threshold, $147 will provide support then $141. To the upside, $174 looks like it is a strong contender for a resistance level. after that we will face further pressure from $184 but after that we have a vacuum zone up to $202.
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Profit target of $174 reached!! We are likely to face some resistance here as discussed so avoid apeing in at highs...
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