Short

Litecoin Clings to Support

Litecoin gained considerable strength, but topped out just below our level at $61.75. Recall that from the previous report, we anticipated this as a ceiling. Sure enough, we rejected this level and have fallen through $55.84 to find support at $51.92. We are seeing good support at this level, confirmed by green triangles on the KRI. However, the lack of buying interest and follow through with a pivot are concerning. The Kovach OBV has slumped so if we do not see any momentum come through, then we may penetrate through to the vacuum zone below. The next level of support below is $45.48.

quantguy

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by quantguy

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