Litecoin has gained a bit of momentum and has broken out of what looked to be a bull wedge forming with an upper bound of $134. It is currently meeting some resistance at $143, and will have another immediate barrier at $147. After this cluster of levels we have a vacuum zone to $158. The Kovach OBV is strong but rounding off suggesting we may see a pullback from current levels before the next burst of momentum. $134 should provide support.
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.