quantguy

Litecoin Finds Support!!

BITSTAMP:LTCUSD   Litecoin / U.S. Dollar
Litecoin found support from $105 as we anticipated, but is meeting some resistance from $114, which we have identified as a new technical level. It has gained some strength from the relief rally we are seeing in the crypto market, but is still below $120, a significant level for LTC. The Kovach OBV has picked up, but just barely, suggesting that LTC is not out of the woods just yet. The Kovach Chande has picked up with the burst of momentum but appears to be rounding off. This suggests that LTC may continue to range at current levels. If we see another bull push then $120 should provide resistance
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