TradingView
CryptoComes
Jun 6, 2020 1:25 PM

How big can the fall of Litecoin gonna be? Short

Litecoin / U.S. dollarBitstamp

Description

Litecoin (LTC) is also unlikely to grow in a short-term case. The decrease since yesterday has made up 0.43%. On the daily time frame, the 'digital silver' is forming the Head and Shoulders pattern. In this case, the level of th Right shoulder will be at the mark at 43.25$. The probability of a decline is also supported by the bearish divergence on the RSI indicator, as well as, declining trading volume. Summing up, the bullish trend started since mid-March is about to come to the end.



Comments
UnknownUnicorn788630
This is not a H&S bro... unless you look like this: i.imgur.com/4LYhlNS.png
bhuynh2
@Moonsie, lmfao!! thanks for that laugh, and I do agree with you, funniest looking head and shoulders I've ever seen
max69
Is the head not usually above the shoulders for H&S? Thanks
More