Litecoin hit our profit target at $209, then pulled back slightly after facing resistance, as noted by two red triangles on the KRI. The Kovach OBV has grown steadily stronger, but we anticipate some ranging currently after breaking out of the previous value area. Anticipate support at $202, then $195, and finally $191 if the retracement continues. We should see further resistance at $209, then the next target is $217.
Note
Litecoin finds support just above $195, just as we discussed!
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Disclaimer
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.