quantguy

Litecoin Meets Resistance

BITSTAMP:LTCUSD   Litecoin
Litecoin dipped slightly but found strong support from the lower bound of the range at $174, confirmed by a green triangle on the KRI. We are currently testing the upper bound at $184, however a red triangle on the KRI suggests we are running into some resistance. If we are able to breakout, then $191 is the next target. The Kovach OBV is strong but has leveled off, suggesting we will need another burst to break through the range.

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.