Headwinds for Litecoin

Litecoin is facing a lot of resistance at the neckline of the head and shoulders pattern from which it broke last week. We are seeing it range a bit about $195, which was our second profit target from a few days back. This seems to be a nice POC for LTC, but the $200 handle seems to be a barrier at this point. If we retrace further, $184 will provide support again. The Kovach OBV is still creeping up suggesting we may be building up for a breakout.