Weakness in Litecoin

Litecoin has felt the impact of the crypto selloff breaking down from $169 and seeking support at $158 currently. We have a big vacuum zone down to $147. We may be seeing a bear wedge forming, so watch for lower levels. If we do find some momentum we must break $169 which will now provide resistance, then $174. We have a few more levels before considering $200 again, which was our previous barrier since Bitcoin crashed from 65K to 30K. The Kovach OBV is showing signs of weakness so we clearly are nowhere near out of the woods yet.