Litecoin Seeks to Establish Value
Updated
Litecoin trended upward from support at $141. We were even able to break through $147 and at least reclaim the $150's. Currently we are in the vacuum zone between $147 and $158. We are starting to see some red triangles form on the KRI, which suggests that we are starting to see resistance here. The price action does look weak, but the Kovach OBV is trending up, suggesting a bull divergence. If so, we could make another run for $158 or $165, but it is difficult to envision higher levels than these for now. If we fail, then anticipate support at $147 or $141, then the next level is $134.
Note
$141 holding for support 😎
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