Litecoin is ranging after making new relative highs. It came just shy of our target of $199, before falling to support at $174. It looks like it is in the middle of forming a bull wedge, flag or other consolidation pattern. This is a sideways corrective wave from our 5-3 impulse wave. The Kovach OBV is quite bullish, so it is only a matter of time before it breaks out, so this is a good time to accumulate a position.
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