quantguy

Will Support for LTC Hold??

Long
BITSTAMP:LTCUSD   Litecoin
Price action in Litecoin has rounded off and we are finding support now at a technical level at $134. We have dropped quite a bit from highs just above $147. We will see if $134 provides support, but if not we should see some support from $130. After that there is a vacuum zone down to $124. The Kovach OBV is drifting downwards so there is a slight indication we may see a breakdown from here. But if not, LTC could establish value in the $134 to $141 range.

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