Litecoin made an attempt to break our level at $114, but this was met with fierce resistance, confirmed by a red triangle on the KRI, after several red triangles confirmed resistance on the way up. We dumped back down to $105 after the FOMC meeting, finding brief support there. Currently, we are edging just above this level, though the price action seems quite weak, confirmed by a lackluster Kovach OBV. If we dump further, we should have support from $100, a psychological level, then the next technical level would be $94. If we make a run for highs, $114 should provide prohibitive resistance but if not, then $120 is the next target.
Join my discord at discord.io/quantguy
