quantguy

Litecoin DUMPS!! Finds Support in the $130's

Short
BITSTAMP:LTCUSD   Litecoin
Litecoin has smashed through the range it was holding in the $140-$150's. We met support at $130, the next level below $134, the level we have been identifying here in the reports all week. We do appear to be equilibrating around $134, which is perhaps the next value area in LTC. If we do slip further. If the $130's don't hold, $124 is the next target below. The Kovach OBV has taken a sharp turn to the bearish side but does appear to be rounding off as we find support.

Join my discord at discord.io/quantguy
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.