quantguy

Litecoin Hugs Lows

Short
BITSTAMP:LTCUSD   Litecoin / U.S. Dollar
Litecoin is maintaining a very narrow range between $209 and $217. The Kovach OBV has been completely flaccid, but has picked up ever so slightly, suggesting that we may have a very slight bull divergence. If so, $227 is our next target. From below, $202 has been a hard lower bound, however if we test this again, the probability of breaking below to the $100 handle increases further. We could be seeing a bear wedge forming on the larger scale. If that is the case, watch $195, $191, and $184 to provide support below.

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