Litecoin At the edge of a large H&S pattern
Litecoin is moving sideways, but it is on the edge of a structure that resembles a huge head-and-shoulders pattern.
A break of the current supports would drive the price to $60. That is unlikely though since supports seems to hold and there is volume in the bullish candles as seen in the 4H chart.
MACD and Stochastics point to a movement to the upside. Confirmation will happen when the price moves above this sideways formation.
A break of the current supports would drive the price to $60. That is unlikely though since supports seems to hold and there is volume in the bullish candles as seen in the 4H chart.
MACD and Stochastics point to a movement to the upside. Confirmation will happen when the price moves above this sideways formation.
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