Still 'Meh' on Litecoin
Litecoin has rejected attempts to recover the $150's and remains safely ensconced in the $140's. We seem to be teetering about the level $147, with $141 providing support from below as we have identified many times this week. The Kovach Momentum indicator is completely flat, suggesting that we will need momentum to come through either way before we can break this range. For now, $141 seems like a floor, but $134 is the next level down if we dump again. We don't have too much hope for higher levels but a relief rally could take us as high as $153. It's not likely that we will break further after that, but $158 is the next level above. We need to solidly break $165 to establish another bull trend, which does not look like its going to happen any time soon.
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