quantguy

Litecoin Facing Resistance

Long
BITSTAMP:LTCUSD   Litecoin
Litecoin is facing some major resistance at $209 and it looks like we may have a double top at that level. We are getting some support from a trendline. If this does not hold $184 will provide support then $174. The Kovach OBV is gradually moving up, but it looks rather weak. Although $209 is a significant barrier, if we can break this then there is a vacuum zone to $227.

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