Will the Litecoin Rally Last??
Litecoin has broken back into the $200 handle. We are seeing a small zig zag rally which is currently contending with our level at $209, then one we called out yesterday, and for several reports now. The Kovach OBV is still bearish, so we are a bit skeptical of this rally. If it continues then $217 and $227 are the next targets. In particular, $227 is particularly auspicious as it has provided prohibitive resistance twice on the 21st and the 25th. If we are not able to break higher, then expect support at $202, $195, $191, then $184.
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