Litecoin Attempting a Bull Run

Litecoin got some support off $184, a level we've been calling out for weeks now. It has attempted a bit of a bull bounce here, but is facing swift resistance from the neckline of our head and shoulders pattern. It will take a serious push to break through this. However the Kovach OBV has picked up which is a good sign. Still it is going to take a bit to break $195, and we're not convinced now is the time. If it is, then $202 and $209 are the next targets. Otherwise we will likely range between $184 and $195.