Sharp Litecoin Selloff

Litecoin has blasted through relative highs at $227, falling just short of our profit target of $250, before retracing sharply. We are currently at about $220. It appears that we are seeking support at this level, though a full retracement would take us back to $209, where we can anticipate stronger support. The levels $202 and $195 should hold, if LTC seeks to test the lower end of the $200 handle. The Kovach OBV was quite strong but has dipped sharply reflecting the selloff.