Litecoin seems to be one of the strongest cryptos right now. It did take a dip to $184 that was immediately bought back. It is consolidating just above support at $209. It will have resistance from relative highs and our Fibonacci extension (formerly a price target) at $226. If it breaks down again watch for support at $194, then again at $184. The Kovach OBV is strong, which makes a breakout more likely than a breakdown. We have a fairly wide gap between relative highs and our next price target at $252.
Trade closed: target reached
We said LTC would find resistance at $226, so our first target is reached!! Next target, $252!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.