Litecoin had a burst of momentum that brought us up to $184, a technical level it has respected in the past. We are seeing a red triangle on the KRI here, so watch for some resistance and potentially a retracement. If so, we should find support at $174 or $169. The absolute lower bound for now should be $165. The Kovach OBV is strong, but has tapered, suggesting momentum might be waning. If not, the next target is $191.
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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.