Litecoin Pennant Breakdown!!
Litecoin has broken down from the pennant consolidation pattern we discussed yesterday. We are finding support at $130, which was a relative low at the beginning of this month, so we will identify it as a new technical level. A green triangle on the KRI confirms support. Also the Kovach Chande is picking up nicely. The Kovach OBV is strong, however it is rounding off, which may suggest Litecoin has more in the tank after coming up for air. There is a vacuum zone below to $120, so watch out the selloff continues. We will have to contend with $134 again before we can consider the high of the range at $147 if Litecoin catches a bid.
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