LITECOIN (LTCUSD) Potential Head & Shoulders

in #cryptocurrency • 8 years ago

Charts can present different patterns that can be used when trading. Currently Litecoin presents a potential head & shoulders pattern on the 4 hour chart. If this chart pattern plays out we could see price test the 137 support zone before a possible move back to test resistance around 167 zone.

Also important to be aware of the different chart patterns forming as well as a collision of scenarios that might solidify possible price hold ups.

LTCUSD 28-04-18 Head & Shoulders.PNG

#cryptocurrencies #litecoin #trading #bitcoin
8 years ago in #cryptocurrency by
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