Litecoin Ranging

Litecoin insists upon maintaining the range between $177 and $186. It is currently hovering just above the lower bound of the KRI, finding some support here, but seems very reluctant to test the central moving average at $223, or psychologically and technically significant $200 level. Though we are likely to maintain this range until further news can give us any more momentum, $162 should provide support in the event news events do not go our way.

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