Hello Traders,
Litecoin is forming an obvious Head and Shoulders. Validation of this chart pattern would be a break of the neckline with increased sell volume. If this happens then some targets are on the chart.
Litecoin is forming an obvious Head and Shoulders. Validation of this chart pattern would be a break of the neckline with increased sell volume. If this happens then some targets are on the chart.
Note
Every comment saying this is NOT a valid Head and Shoulders. A H+S pattern becomes valid on break of the neckline with increased sell volume. Note
Epic neckline break. Note
The 3.618 fib looks like a target to me. It lines up with the Daily 200 MA. Note
When the price broke the neckline the moves down look impulsive so I am expecting 5 waves down. Note
Got a wick in the box price range. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.