Litecoin Just Under Profit Target!!

Litecoin has met resistance just under our profit target of $291. While it looks like we may have been a bit ambitious with our profit target for the moment, we've been buying LTC on dips since $185, so we're still well in profit. We have a red triangle on the Kovach Reversals Indicator, confirming the resistance. The Kovach OBV is still very strong and may be encroaching into overbought territory. So a retracement or at least a sideways correction/consolidation are in order. Anticipate support at $251, though this should be considered a min lower bound for now.