Litecoin DUMPS to the Low $100's!!
Litecoin has dumped notably. Last week, we anticipated $184 to be the lowest level of support, and we sliced through this with ease. We reached as low as $130, before finally finding support and making an attempt at a pivot. We still could not close this gap however, and $165 provided prohibitive resistance. After rejecting this level, we tested $141, where a green triangle on the KRI is suggesting support. The Kovach OBV remains bearish, unfazed by that small rally from lows. Currently, we appear to be testing $147 right now, and may establish value in the $150's. But $165 remains the level to eye if we want to recover higher levels in the $100 handle.
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