Litecoin Looking Weak

Litecoin is ranging, consolidating volatility near lows. It shows signs of attempting to test higher levels, but still the momentum we are seeing seems paltry. The Kovach OBV is relatively strong but has flattened a bit. If we do break down, we could see lows again at $120 or so. This would not be a good sign for LTC because the more it tests lower levels the more comfortable it is to break them. Watch $200 to provide resistance for now.