Litecoin Tests $120's... Can It Dip Further??

Litecoin dumped from the $130's down to $124, with a green triangle on the KRI to confirm support just above this level. We got a sharp pivot back to the $130's, and as of this writing, are hovering between $130 and $134. The buying stopped abruptly at current levels, and we can henceforth expect prices to hold the current range, but the lack of buying interest is still a concern, and if more buying interest does not develop later today, then another selloff may be near. If we can muster some bull momentum, then $134 is the level to break. After that, we have a vacuum zone above to $141, which should serve as a max upper bound for now. If more selling comes through then $120 should serve as a floor for now.