Litecoin Blasts Off!!

Litecoin had a burst of momentum that brought us up to $184, a technical level it has respected in the past. We are seeing a red triangle on the KRI here, so watch for some resistance and potentially a retracement. If so, we should find support at $174 or $169. The absolute lower bound for now should be $165. The Kovach OBV is strong, but has tapered, suggesting momentum might be waning. If not, the next target is $191.