Litecoin Continues Head and Shoulders Again!!

Litecoin has extended the right shoulder of our head and shoulders pattern and continues to range. It could go either way at this point, either maintaining the range of the second shoulder between the neckline at $195 and $209. If it gets a burst of momentum it could make a run for highs at $227. A breakdown would take us back to $184 or even $174. The Kovach OBV has been bullish but is now completely flat.