Litecoin has received a meager burst of momentum. It will face resistance at $132, which is not only a Fibonacci level, but the intersection of a level with a trend line. The Kovach OBV is quite bearish so it is unlikely that LTC can break through this resistance just yet. We will find support at $124 and $111. Longer term, LTC does appear to be consolidating and gearing up for a breakout. But it has many levels to contend with before making new highs.
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