quantguy

Litecoin Trading Ideas??

Long
BITSTAMP:LTCUSD   Litecoin
Litecoin is trending upwards, but appears to have pulled back. We are finding some support at $184, and if this level holds we can expect it to range or make a run for $202. We are in the middle of a vacuum zone, so if we see some momentum this could happen quickly. The Kovach OBV seems weak with respect to other cryptos, so we could see further retracement. Be careful because there is a vacuum zone below at $174, and one below that to $158, which seems to be a hard lower bound for LTC at least for the moment.

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