$50's a Barier for Litecoin

Litecoin has found support just above $45.48, with several green triangles on the KRI confirming support. The Kovach OBV is still bearish, but we have inched back up to the midpoint of the range between $45.48 and $50.64, the latter a definite ceiling for current prices. We will see strong resistance from two levels in the low $50's, but if we can break through then $55.84 is the next target. If not, $45.48 should hold with $39.05 as an absolute floor.