Litecoin appears to have caught Bitcoin's malaise. It is currently forming what looks to be a bear wedge. It is reminiscent of a head and shoulders pattern with a neckline at $124, however a head and shoulders always follows an uptrend, whereas our current situation follows a swift retreat from highs. Nevertheless, the spirit of the head and shoulders pattern, failure to make new highs, is definitely present with LTC. It is currently sitting at support at $124, but it appears to be ready to break down and test lower levels at $111. If not, a breakout will take it past $132, $138, and even up to $145.
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