Litecoin Dumps!!
Litecoin / U.S. dollar BITSTAMP:LTCUSD
A wave of selling has afflicted Litecoin, taking it past support at $120. We are currently attempting to find support in the $114 to $120 range. It appears that Litecoin was forming a bear wedge , as we mentioned earlier, and we may be in the stages of breaking down. If so, watch for it to cross the vacuum zone to $114 and if that doesn’t hold then $109 should provides support. The Kovach OBV has sloped downwards, confirming the rout. If we can pivot from current levels we should be able to reach $124, and perhaps establish a range between this level and $120.
