Litecoin Finding Support??
Litecoin has dipped significantly from highs. We have some rounding off in the price action from above, indicating that we may have peaked out at $188, the relative high. We do appear to be finding support at the 50% retracement, just above $161. If this does not hold, we should have further support at $158, a technical level, then $155, the 0.382 Fibonacci level. The technical and Fibonacci level at $147 seems auspicious and should be thought of as a min lower bound and great buying opportunity. The Kovach OBV has weakened tremendously, but does appear to be tapering.
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