Litecoin appears to have bottomed out at $200. We saw a brief attempt to attain higher levels in the $200 handle, which stalled out at $227. We saw a red triangle on the KRI as LTC attempted to break out from this level, and the price was batted down back to support in the low $200's. We are currently seeing supoort at $209, but the Kovach OBV is very bearish suggesting that LTC is hanging on buy a thread. If it cannot sustain the $200's, then $195, $191 and $184 should provide support.
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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.