quantguy

Can Litecoin Hold the Mid $100 Handle??

BITSTAMP:LTCUSD   Litecoin
Litecoin has attempted a meager rally, which brought us back to the mid $100 handle. We appear to be facing resistance at $165, which is a relative high. Though we could be seeing the beginnings of a bull wedge pattern, in anticipation of a bull breakout, the Kovach OBV is still very paltry, so we are not seeing the bull divergence we would normally expect. But if so, we have a cluster of levels above to provide resistance up to $174. After that, we have a vacuum zone back to $184, a former value area. If not, then beware of the vacuum zone below to $147 and $141.

Join my discord at discord.io/quantguy
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.