Litecoin Rejects Resistance

Litecoin made an attempt at higher levels, testing $45.48 and rejecting it swiftly. A red triangle on the KRI confirmed strong resistance at this level. We are currently establishing value in the vacuum zone between $45.48 and $39.05. The Kovach OBV is solidly bearish, and if we do see a rally it will likely be just a technical retracement. The crypto market is severely oversold, but it does not appear that there will be any respite for us in the near future.