quantguy

Litecoin Bottoms Out... For Now...

Short
BITSTAMP:LTCUSD   Litecoin / U.S. Dollar
Litecoin has continued a rally after smashing through lower levels, testing the $50's. We found support at $55.84, confirmed by a green triangle on the KRI . We were able to reestablish the $60's after that, breaking through $66.94, then making a run for $73.62. We are currently just shy of this level, hovering about $72 or so at the time of this writing. We are running into some resistance confirmed by red triangles on the KRI , but the Kovach OBV has picked up. It is starting to level off, and it will take more momentum to press higher. We must first break $73.62, then $77.39 is the next target. After that, we have a vacuum zone to $85.08.

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