Litecoin Retraces from Relative Highs

Litecoin has pulled back from relative highs at around $184. We saw support at $174, as confirmed by a green triangle on the KRI. Litecoin appears to be establishing value between these two levels. But if we see a technical retracement, we will see support from $169 and $165. The Kovach OBV is still bullish, however and if we can break $184, the next target is $191, bringing us closer to the $200 handle.