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Litecoin Inverse Head and Shoulders??

Litecoin dipped to our level at $291, but appears to be preparing to make a run for higher levels. We have an inverse head and shoulders with a neckline just above our level at $322. This suggests we may see a breakout soon. If so, we will need to contend with resistance at $340, then again at $375, which was once a former all time high. If this does not come through we could see $291 again. The Kovach OBV has dipped to reflect the selloff, but green triangles on the Kovach Reversals confirm support at our levels.

quantguy

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