Litecoin Finds Support!! Will it Last??

Litecoin has found support at $169, a technical level. The Kovach OBV and Chande were both very oversold last night and we saw a green triangle here at this level which provided an excellent signal to enter a long trade, at least for a quick scalp. This may just be a brief pullback into an overall bear trend however, so be careful. The Kovach OBV is still pretty bearish but has registered the slight bounce we have seen off $169. We are seeing resistance from $174, and if we can break this the next target is $184. If we break down further, we should see some support at $158.