Litecoin is continuing to maintain its range between 124 and 145. The Kovach OBV is flat, and has been for over a week. LTC is currently encroaching on the upper bound of the range, 145, which could make a good shorting opportunity. We are not short of Litcoin per se, this would be a very short mean reversion trade. There is a red triangle on the Kovach Reversals Indicator, which supports our mean reversion idea. We will need momentum for LTC to breakout either way. Keep watching 124 and 145 for signs of life.
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