Litecoin Breakout Soon??

Litecoin is hugging the upper bound of the range it has established between $242 and $264. The Kovach OBV is strong, suggesting Litecoin may be gearing up to breakout soon. The next level is the neckline of our failed inverse head and shoulders at $280, which will provide significant resistance. If we are wrong, a rejection could take us back to $242 or even $227.