Dip to Buy in Litecoin?

Litecoin is ranging after a gigantic selloff on the 11th. It has not retraced this selloff as well as some of the other cryptos. In fact, it is looking quite weak. Although it is ranging, establishing footing in the mid $100's, it odes appear to be forming a head and shoulders pattern. This is pretty ominous. Additionally, the Kovach OBV has registered an extreme amount of selling pressure that has since subsided, at least. If it does break down, $130 and $117 will provide support and good levels to buy back.