Litecoin Clings to $200's
Zaktualizowano
Litecoin has retraced further to the lowest levels of support in the $200 handle. We identified these in the last report, including $217, $209, and $202. The latter of these levels is where we are currently finding support. The Kovach OBV is solidly bearish, but we appear to be seeing a bit of a relief rally testing $217. Again, this appears to be but a relief rally into the overall bear trend, but if it continues, $227 would be the next target. On the other hand, $202 will continue to provide resistance if the selloff continues, then $195 and $191 will be the next levels to provide support in the $100 handle should we give up the $200's.
Uwaga
Litecoin looking weak. We got support at $202, but are facing resistance at $227. This is an auspicious level that is proving to be the barrier to the mid $200's for LTC.
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