Litecoin Tests Higher Levels

Litecoin is testing higher levels, though still respecting the range between $105 and $114. We are seeing several red triangles on the KRI confirming resistance as we attempt to climb higher. The Kovach OBV has been gradually trending downward, suggesting an overall divergence, which does not give us much hope for breaking out of this range at the moment. If we are able to muster enough strength to break out, then $120 is the next target. Although there is no reason to expect we should break through support at $105 right now, if we do, then there is a vacuum zone below to $94.