Litecoin has continued to languish in the lower $200 handle. We are seeing strong support from $200 for now, with several green triangles confirming support as it has edged lower from $217. It was disappointing that LTC could not make another run for this level, as there is a nice vacuum zone after that to $227. The Kovach OBV is still solidly bearish, suggesting that Litecoin is facing headwinds. If bear momentum sets in then, $202 should hold, but if it breaks, the next targets are $195, $191 and $184.
Note
Litecoin has dumped with the rest of the crypto market. We smashed through $195 and $191, giving up the $200 handle. Next stop, $184.
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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.