Litecoin Establishes Value in the Low $100's

Litecoin has found support after giving up the $100 handle briefly, and testing the high $90's. We were immediately bought back, breaking through $101, and testing $105. However, momentum quickly fizzled and we have retraced, finding comfort in the range between $101 and $105. The Kovach OBV does suggest a bull divergence, we should face prohibitive resistance from $105 or $109 for now. If the selloff continues, we anticipate $94.84 as an absolute floor for now.