quantguy
Long

Litecoin Lagging

BITFINEX:LTCUSD   Litecoin / Dollar
Like BTC , Litecoin remains fairly lackluster in its attempt to push higher. Unlike BTC , it could not even test the central moving average of the KRI , currently sitting below it at about $243. Both Kovach Momentum Indicators are bullish , but fairly stagnant, accurately representing LTC’s recent behavior. We seem to have gotten off to an extremely sluggish start to Wave 3 of the impulse wave, though we have strong support at $236, a nested Fibonacci level, and $199 a nested Fibonacci level that coincides with the lower bound of the Kovach Reversals Indicator. From above, we are still taunted by the central moving average of the KRI and a Fibonacci Extension level at $269. The next resistance level from above is $288, another nested Fibonacci level.

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thx.
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quantguy htgorgulu
@htgorgulu, no problem! Good luck and good trading!
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