MaxKoke

LTC / USD Possible Head and Shlouders forming

Short
BITFINEX:LTCUSD   Litecoin
LTC looks like it could be forming a head and shoulders on the 1 hour chart! This coupled with LTC nearly contacting the top of the downward channel means we could see a large drop in price.

I am very much a beginner and just want to make observations and learn from them! My simple analysis is simply for fun and learning, please do not make trading decisions based on my observations - like I said I am just a beginner.

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.