Failed Head and Shoulders in Litecoin

Litecoin had a failed head and shoulders breakout from $195. We broke from this level but swiftly retraced before we could find support at $184. This is a bullish sign for LTC. However, we are currently trading at the neckline of the H&S which could provide some resistance. If we see further retracement, $184 or $174 will provide support. If it can manage to muster some momentum, $202 and $209 are the next targets.