Litecoin Testing Lows Again
Updated
Litecoin found support at $124, which we identified as a new technical level. Bull momentum was quickly thwarted by $130, and we appear to be headed toward $124 again. This consolidation of volatility appears to be forming a bear flag potentially before another breakdown. The next level down is $120, then we have a wide gulf to $105. The Kovach OBV is very bearish and the market is oversold and due for a good pump, even if it is just a short covering rally.
Trade closed: target reached
Litecoin hits our target of $120!!
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