Bitcoin has been quite flaccid lately. It has leveled off in the low $30K's and seems content there. The Kovach OBV has dropped off dramatically, confirming the malaise. Longer term, these are likely to be bargain levels in BTC, so if you have not added to your position, now may be the time. We will have support at $28K if BTC dips lower. Some momentum should take us to $33.6K or $35.2K, which would be nice levels to take profit if you are trading Bitcoin.
After making new highs briefly, Ethereum fell back down to support at $1300. This is a strong psychological level. The Kovach OBV is still pretty strong for Ethereum. It has only registered a small dip corresponding to the rejection from highs. If Ethereum dips further it will find support $1233, $1172, or $1111. These would be good levels to buy back. It is likely that ETH will form a bullish consolidation like a bull triangle as it gears up for another breakout
Litecoin is still tracking Bitcoin, even in its lethargy. LTC is currently sitting at levels of support from Fibonacci levels anchored at the extrema of this most recent wave. We will have support from $132, $124, and $111. All should be considered buying opportunities. Eventually LTC should break out and we will have resistance at $138, $145 and $154. These can be thought of as profit targets if you are trading LTC. We still have a way to go before $166, the upper bound of the recent wave, or $186, all time highs, but these should also be thought of as longer term targets.
