LitecoinShort
Litecoin Rejects the Mid $50's
Litecoin briefly spiked up in price falling just short of $55.84. We saw immediate resistance just below this level confirmed by red triangles on the KRI. We have fallen back to support at $51.92, and $50.64. If these levels fail to provide support and we give up the $50's, then there is a vacuum zone below to $45.48, which is the next level of support. The Kovach OBV is quite bearish, so we do not expect any significant rallies. watch for 'bull traps'. We can expect $55.84 to hold as a ceiling.
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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.