quantguy

Litecoin Tests Lower Levels!!

Short
BITSTAMP:LTCUSD   Litecoin
Litecoin has continued to push lower, finally finding support at $147. We have two green triangles on the KRI near this level. Currently, we are seeing a bit of a retracement to $158, but we are falling just short of this level. It appears we are currently finding value just below it, around $155 at the time of this writing. The Kovach OBV is still bearish, but appears to have leveled off for now. We will need momentum to punch through $155. If so, there is a vacuum zone to $169. The next level of support after $147 is $141.

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