Litecoin is very close to all time highs, breaking the doldrums that kept it between $124 and $166. Currently we are facing resistance at $174. The Kovach OBV is pretty strong, especially after the surge in cryptos that spilled over from the Bitcoin news. However it looks like the pendulum has swung full force to the bull side and it is likely that we will see a retracement. In fact, it already seems that we have rejected $166, and the Kovach Chande has registered this with a dip. Make no mistakes, we are still super long LTC, just trying to use our technical analysis the best we can to accumulate at the best prices.
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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.