Litecoin Establishes Value After Rally

Litecoin has rallied up to $174, but has since retraced to $165. We have added this as a new technical level, since Litecoin has been sensitive to it recently. We are currently finding support here at the moment, as confirmed by two green triangles on the KRI. If we break through this level, there is a vacuum zone to $158. There is another vacuum zone below to $147, if support does not hold. The Kovach OBV is strong, but has tapered to reflect recent ranging. We will need further momentum to breakout past $174.