As with most of the crypto market, Litecoin is testing lower levels. We have support at $169, which is confirmed by some green triangles on the KRI. The Kovach OBV is quite flat, especially compared to the selloff from relative highs in the $200's. We will need bear momentum to break through $169. Watch for LTC to test the upper bound of the range at $184, which will take further momentum to break.
Trade closed: target reached
Litecoin blasts through relative highs at $232 on news that Walmart will accept payments in LTC!!Note
UPDATE: The walmart tweet was deleted from the main Litecoin twitter account, resulting in almost a full retracement of this move! Crazy day for LTC!!
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Join my discord at discord.io/quantguy
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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.