Litecoin has felt the impact of the crypto selloff breaking down from $169 and seeking support at $158 currently. We have a big vacuum zone down to $147. We may be seeing a bear wedge forming, so watch for lower levels. If we do find some momentum we must break $169 which will now provide resistance, then $174. We have a few more levels before considering $200 again, which was our previous barrier since Bitcoin crashed from $65K to $30K. The Kovach OBV is showing signs of weakness so we clearly are nowhere near out of the woods yet.
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