Litecoin peaked at $153, after a strong rally in the face of malaise in the majors. Reality quickly set in for Litecoin, as we predicted, and prices have plummeted back down to support in the $130's, currently testing $134. The Kovach OBV was quite strong, but has since turned sharply bearish with the selloff. We are seeing support from $134, which is a positive sign, having found resistance at this level just last week. We are starting to see what appears to be an attempt at a pivot off $134, but given the rout in the majors, we don't expect much off this. The next level above is $141, which seems like and ambitious jump, but it is our next target if momentum comes through. If not, $130 is our next level of support, before we test the $120's again. If so, $124 is our next target.
Join my discord at discord.io/quantguy
