Litecoin Looking Weak 😰
Litecoin is continuing its narrow range, finding strong support at $158 as confirmed by many green triangles on the KRI. We have rejected $169, and this appears to be an upper bound of the range for now. The Kovach OBV has turned sharply south, suggesting a bear divergence, which has been observed in other cryptos like Bitcoin as well. There is a vacuum zone down to $147 if we break down. If we can muster the strength for a breakout, then we must first conquer $169, then $174 is the next target.
Note
Litecoin breaking down along with Bitcoin. We are currently just above support at $147, in the middle of a vacuum zone. Let's see where this goes!
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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.