Litecoin Looking Weak 😰
Updated
Litecoin is continuing its narrow range, finding strong support at $158 as confirmed by many green triangles on the KRI. We have rejected $169, and this appears to be an upper bound of the range for now. The Kovach OBV has turned sharply south, suggesting a bear divergence, which has been observed in other cryptos like Bitcoin as well. There is a vacuum zone down to $147 if we break down. If we can muster the strength for a breakout, then we must first conquer $169, then $174 is the next target.
Note
Litecoin breaking down along with Bitcoin. We are currently just above support at $147, in the middle of a vacuum zone. Let's see where this goes!
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