Litecoin Meeting Resistance

Litecoin has met resistance at upper levels in the $100 handle. A series of red triangles at $191 and $195 suggest that these upper levels were too much for LTC to sustain, and we have retraced back to value in the $180's. Currently, we appear to be flirting with support at $184, as confirmed by a series of green triangles at this level. This is a very narrow range for Litecoin, and if support does not hold, we might test the lower bound of the previous range at $174 again.