Litecoin Facing Headwinds
Litecoin has shown some meager momentum but remains bound by $134, a level which is providing prohibitive resistance. We appear to be forming an inverse head and shoulders type pattern, with this level as the neckline. The levels $141 and $147 are barriers to higher levels after this, with a vacuum zone after those to $158. If there is a correction, then $120 will again provide support. The Kovach OBV is creeping up which is a good sign for a potential breakout.
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