Litecoin Tests Lows

Litecoin made a run for the upper bound of the range it was holding between $105 and $114. We saw several red triangles on the KRI confirming resistance at these upper levels before immediately selling off to test the lower bound at $105. Currently we are seeing support and some green triangles on the KRI. The Kovach OBV has completely leveled off, suggesting that we may have to deal with more malaise. Watch the vacuum zone below to $94. If we find support and are able to test $114 again, then we are likely to see resistance here, but if not, then $120 is the next target.