Can one expect a sharp movement by Litecoin?
On the 4H chart, the potential for the formation of the head and shoulders reversal pattern is visible. The completion of the formation of the right shoulder of the model can be expected at $46. Already from it, the asset can show a strong drop to the level of $38 and below.
An additional signal in favor of the described option will be a test of the resistance line on the RSI indicator, and confirmation will be a breakdown of the neck line of the reversal model and price-fixing below $41.
An additional signal in favor of the described option will be a test of the resistance line on the RSI indicator, and confirmation will be a breakdown of the neck line of the reversal model and price-fixing below $41.
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