Litecoin is hugging the upper bound of the range it has established between $242 and $264. The Kovach OBV is strong, suggesting Litecoin may be gearing up to breakout soon. The next level is the neckline of our failed inverse head and shoulders at $280, which will provide significant resistance. If we are wrong, a rejection could take us back to $242 or even $227.
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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.