quantguy

Litecoin Meeting Resistance from the $140's

Long
BITSTAMP:LTCUSD   Litecoin / U.S. Dollar
Litecoin has blasted off from the $130 handle to cross the vacuum zone above $134 to $141. However, $141 has provided prohibitive resistance, and we appear to have rejected this level for now, with a sharp selloff sending us back midway through the vacuum zone between $134 and $141. We should see support at $134, but after that we have $130, and $124 if needed. We should consider $130 a lower bound for now. The Kovach OBV is still pretty strong, so if we see another burst of momentum, we must still conquer $141, then $147 is the next target.

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