Litecoin Lags, What's Next??
Updated
Litecoin has continued to languish in the lower $200 handle. We are seeing strong support from $200 for now, with several green triangles confirming support as it has edged lower from $217. It was disappointing that LTC could not make another run for this level, as there is a nice vacuum zone after that to $227. The Kovach OBV is still solidly bearish, suggesting that Litecoin is facing headwinds. If bear momentum sets in then, $202 should hold, but if it breaks, the next targets are $195, $191 and $184.
Comment
Litecoin has dumped with the rest of the crypto market. We smashed through $195 and $191, giving up the $200 handle. Next stop, $184.
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