Litecoin Recovery??

Litecoin had a massive selloff, after hitting our profit target at $322. It smashed through our prior target at $291, but found support at $250, after wicking as low as $236. We are somewhat in the middle of a vacuum zone at the moment, but $250 should continue to provide support. We will encounter resistance from $291 and $322 again before we can consider new relative highs. The Kovach OBV is still pretty strong, which should provide confirmation that LTC is not entering a longer term bear cycle any time soon.