Litecoin has cracked support at $169, and appears to be forming a bear consolidation pattern around this level. At the time of this writing, we are around $168, our $169 level is now providing resistance. There is a vacuum zone below to $161, which is a Fibonacci level. Crypto is really good at evading expectations, so we may see a short covering rally. The Kovach OBV is about as bearish as it gets, so there is not much in the way of omens to the upside but a burst of momentum could take us back to $174.
Comment:
LTC getting a lift off the weak dollar! Next target $174!
Join my discord at discord.io/quantguy
