quantguy

Support for LTC??

BITSTAMP:LTCUSD   Litecoin
Litecoin faced a sharp selloff with the rest of the crypto market. It is currently finding support at $134, which seems to be a good lower bound for now. After that, however we have a vacuum zone to $120. The Kovach OBV is incredibly bearish. But we are seeing a green triangle on the KRI forming, suggesting we will have at least a speedbump to the selloff at $134. We have plenty of levels of resistance from above, but one can hope that we may reclaim the range between $147 and $174. The Kovach Momentum Indicators suggest that LTC is severely oversold and due for a bounce even if it is just a relief rally

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