Litecoin Rejects the $160's

Litecoin has pressed higher, testing a relative high at $165. we were able to break it just barely but faced prohibitive resistance with $169. Several red triangles on the KRI suggested that these levels in the $160's were a bit too top heavy for Litecoin. Currently we are finding support at $158, confirmed by a green triangle on the KRI. If we break this level there is a vacuum zone down to $147. If we are able to hold this range, then anticipate Litecoin to establish value between current levels and the $160's.