Litecoin Breaks Down, Finds Support

Litecoin peaked just above $141, before rejecting this level and heading back to safety in the $130 handle. It seems that $141 is still the hard upper bound, and $134 is currently providing support. The Kovach OBV was once quite strong, but appears to be dipping slightly to reflect the selloff. However we have two green triangles on the KRI suggesting we are finding good support at current levels. If these do not hold, we should find further support at $130