Litecoin Retraces

After crossing the vacuum zone to 227, LTC has given it all back, retracing to support at 202. This seems to be a pretty significant level and Litecoin has respected it in the past. The Kovach OBV is still pretty bullish but does appear to be rounding off. Further fallout could take us back to 195 or even 184. If we catch a bid, we could see 227 again pretty easily. We anticipate LTC to range around current levels as it consolidates gearing up for another breakout, which would take us back to 227. After that, 254 is the next target.