Litecoin Crushes Support

Litecoin has edged downwards continuously to press the lower bound of the KRI. Both Kovach Momentum Indicators have turned bearish, and this is true across the board. It is now apparent that we are in wave 2, which began February 20th when we hit a relative high. LTC is currently clinging to support at $162, which would have seemed infeasible to the most pessimistic investors yesterday. This level has been explicitly identified many times here. Levels from below include $133, and $117, unless LTC can consolidate. From above, we must contend with $176, $180, and $189, before we can even consider making a run for the $200 handle where LTC once held its ground.

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