Little Hope for Litecoin

Litecoin has continued to correct from that rally to the $150's as we anticipated it would. Reality from the rest of the majors has set in, crushing the euphoria Litecoin saw earlier this week. We have plummeted from that high at $153, and smashed through several key levels from below, finally finding support at $134, the exact level we anticipated would act as a cushion. Currently, it appears we are making a run back through the vacuum zone, above. However, a red triangle on the KRI is confirming resistance, and momentum appears to be waning. The Kovach OBV has taken a steep dive, suggesting the rout might not be over. If that is the case, then watch for support at $130, or $124.