Short

Litecoin Slumps, Holds $200 Handle

Litecoin has continued to slump in the low $200 handle. We have rejected $227, and have made a steady decline since. We are starting to see support just below $209 as confirmed by three green triangles on the KRI. We are hovering just above our next level of support at $202. The Kovach OBV is abysmally oversold, so we may be in for a relief rally soon, especially if $202 holds. If not, then we should have support at $195, $191, then $184. If we catch a bid, then $227 must be broken before we can confirm a bull trend.

quantguy

Join my discord at discord.io/quantguy

Also on:

Related publications

Litecoin Clings to the Lower $200's

by quantguy

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.