quantguy

Litecoin Lookin Weak

BITSTAMP:LTCUSD   Litecoin
Litecoin has found support but is looking pretty weak. We are caught between $187 and $224. Momentum has dropped as measured by the Kovach OBV. We might be forming a bear flag, which could suggest that we are due for another dump, which could take us as low at $147. From above we have several levels which will provide resistance, but the next major target would be $264.

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