Bearishness Beating Battered Litecoin

This head and shoulders breakdown has proven to be very difficult for Litecoin to recover from. We attempted a full retracement, but were immediately thwarted by the neckline at $195. We sliced through $184 easily and are currently finding support at $174. We have a bit of a divergence between the Kovach OBV and LTC's price. The Kovach OBV seems to be bullish, which could suggest it may be mounting for a breakout. Any momentum would be met with swift resistance from $184, and $195 however. We'd see continued support at $169 if another wave of selling came through.