Litecoin Momentum ðð
Litecoin found support off lower levels at $161. We caught a nice bid here, breaking through $174 and bringing us back up to the former value area, just under $180. We are currently seeing another burst of momentum come through as measured by the Kovach Chande which is shooting up at the moment. The Kovach OBV, which measures longer term momentum is also turning up, which paints a brighter picture for Litecoin. If momentum continues, we should be able to test the next Fibonacci level at $181.
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