Litecoin Rejects $200's!!

Litecoin seems to be finding good support at around $190, just above our level of $185. We will have good support at $185, but if not, we have seen further support at $174. We solidly rejected $202 which was the next barrier. It seems LTC is comfortable with the range between relative lows at $169 and $202. We will need to break $202 before considering higher levels and further price targets at $209 and $227. The momentum is broadly bullish, but this is rather weak with respect to what we have seen in the past.