Litecoin Meets Resistance

Litecoin has trekked upward, but it could not muster the strength to cross the vacuum zone and found resistance in the middle at $264, which we have added as a technical level. We are currently finding some support around $250, which is in a cluster of levels. Some other levels below, likely to provide support include $242 and $227. The minimum lower bound seems to be $209. The Kovach OBV is pretty strong, though has rounded off slightly suggesting we may see more ranging before another breakout.