When will Litecoin Make New Highs??

Litecoin is facing some resistance at $151, one of our Fibonacci levels. This is the 50% Fibonacci level based on the retracement from highs. This is a fairly significant Fibonacci level, so if Litecoin cannot muster more strength here, we can anticipate a further retrace. The levels $141, $130, and $117 will all provide support. It looks like we are forming a head and shoulders pattern on 5 minute candles too. The Kovach OBV has flatlined which does not bode well in the near term. Longer term, LTC should make new highs within two weeks.