Litecoin Struggles

Litecoin appears to be trying to breakout from a bull wedge pattern however it appears to be facing a lot of resistance with $200. This is a psychological and technical level what LTC must cross before considering relative highs again. After that we have one more level at $209 to contend with before we break out into the vacuum zone to $227. If the pattern fails we will find support at $184. The Kovach OBV is in the doldrums, so chances are we will range or retrace a bit here.