, Litecoin remains fairly lackluster in its attempt to push higher. Unlike BTC
, it could not even test the central moving average of the KRI
, currently sitting below it at about $243. Both Kovach Momentum Indicators are bullish
, but fairly stagnant, accurately representing LTC’s recent behavior. We seem to have gotten off to an extremely sluggish start to Wave 3 of the impulse wave, though we have strong support at $236, a nested Fibonacci level, and $199 a nested Fibonacci level that coincides with the lower bound of the Kovach Reversals Indicator. From above, we are still taunted by the central moving average of the KRI
and a Fibonacci Extension
level at $269. The next resistance level
from above is $288, another nested Fibonacci level.
Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here