quantguy

Litecoin Slumps, Finds Support

Long
BITSTAMP:LTCUSD   Litecoin / U.S. Dollar
Litecoin has dipped past a major level of support at $174. We have encroached into the $160's, and have found support at $165. We are currently sitting at $169 at the time of this writing, testing resistance. We appear to have good support at these levels, as confirmed by a green triangle on the KRI at $165. However, the Kovach OBV has slumped to reflect the selloff, and we will face further resistance from $174 if we attempt another bull run.
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