Litecoin Finds Support in the Low $50's

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Litecoin has made a brief attempt to solidify higher levels in the $50's, but $55.84 proved insurmountable and LTC swiftly rejected this level, heading back to comfort in the low $50's. We have added $50.64 as a technical level as it is a relative high from the June 16th, and is currently the price at which we are seeing support. The Kovach OBV has dropped off hard, which is a very bearish omen. If support at current levels does not hold, then $45.48 is the next target.