quantguy

Litecoin DUMPS!! Finds Support in the $130's

Short
BITSTAMP:LTCUSD   Litecoin
Litecoin has smashed through the range it was holding in the $140-$150's. We met support at $130, the next level below $134, the level we have been identifying here in the reports all week. We do appear to be equilibrating around $134, which is perhaps the next value area in LTC. If we do slip further. If the $130's don't hold, $124 is the next target below. The Kovach OBV has taken a sharp turn to the bearish side but does appear to be rounding off as we find support.

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