quantguy

Litecoin's Weak Revovery ðŸ˜ī

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BITSTAMP:LTCUSD   āđ„āļĨāļ—āđŒāļ„āļ­āļĒāļ™āđŒāļ•āđˆāļ­āļ”āļ­āļĨāļĨāļēāļĢāđŒ
Litecoin has recovered a bit in addition to the other cryptos but it still has a way to go. It looks weak with respect to ETH and BTC. We have rejected $160, a technical and psychological level. Currently, we are peaking above a vacuum zone between $184 and $200. The Kovach OBV is flat, so there is a chance we will reject $184 and perhaps get support from $174. Otherwise, anticipate LTC to feel out that range in a sideways correction before another breakout.

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