Litecoin, like BTC
, has clung to its ranging window with a hard lower bound of $162, a level outlined here many times. After sharply rejecting the central moving average of the KRI, which coincides with a strong Fibonacci and nested Fibonacci level at about $200, it has pulled back to this window. Clearly, $200 is also a psychological level, which makes it even stronger. We have a congestion level at $177 which should provide support if LTC retraces further from $181, where it is sitting at the time of this writing. The Kovach Momentum Indicators are gradually pulling up, which gives bulls some hope.
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