quantguy

Best Litecoin Technicals

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BITSTAMP:LTCUSD   Litecoin
Litecoin is edging up with the rest of the crypto markets. It has not reacted as aggressively as Bitcoin or Ethereum, but it also does not retrace as hard as they do either. This is a very solid investment for many reasons, both fundamental and technical. We are proceeding as planned to hit our price target of $173, a Fibonacci extension. The Kovach OBV has waned, so anticipate some ranging or a small retracement first. The levels $153, $140 and $135 will provide support, but it's doubtful we will hit those lower levels any time soon.

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