Litecoin Faces Resistance

Litecoin tested lower levels at $174, but found support just above that level as confirmed by green triangles on the KRI. We are currently testing the mid $190's, and are facing strong resistance from $195. We could be trying to establish value here in the somewhat wide range between $174 and $209. If we break down from here, expect support at $184 then $174. If we break out, we will need to surpass $202 then $209 is our next target.