Litecoin Ranges in the $50's
Litecoin has maintained the low $50's all week. We have seen strong support from $51.92, but resistance from $55.84. We are seeing strong resistance at this upper bound confirmed by many red triangles on the KRI. We will need significant momentum to break through $55.84. The Kovach OBV is completely flat, and if more momentum does not come through, we can expect another selloff. If $51.92 does not hold, then $45.48 is the next target.
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