Sherem
Long

LTC Inverse Head and shoulders update

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
Folks, per my last update, I was anticipating we would move sideways, and we are indeed doing that to form this right shoulder.

Watch for a break of $65. If we break that with conviction we will be going higher.

Happy Trading and Hodling,

-Sherem
Comment: Last analysis:
Comment: Been flirting with $65, getting close already.
Comment: Looks like we have been moving sideways as anticipated. We'll see how long we go. If we go as long as the left shoulder, we'll be here for 2-3 monthsish.
All my posts are not intended as financial advice, just me sharing what i am doing with my research and positions. Don't stress, pick your points and don't use leverage. Check out my site https://www.halcyontrades.com/
Agree. A close above 65 is the key level. Weekly chart looks ready to dump this rally but we won't know until it happens. Best of luck.
Reply
This is not an Inverse H&S
Reply
Sherem Markets_Mastermind
Reply
Hopium :-)
Reply
Sherem Szabi84
@Szabi84, With the kind of action we have been getting, I don't think we need to hope for very much longer (like 1-2 weeks) but this is crypto you never know
Reply
@Sherem, I completely disagree with that. I think what we see is nothing else but a relief rally after the local lows in December and yes litecoin has shown the strongest signs of maybe we are out of the bear
market but Btc and all the top coins show no signs of that kind. Its nothing else but consolidation with rapidly decreasing volume and with every try Btc is strongly rejected from the 4k ranges. LTC on the daily showing enormous bearish divergenceif you have a look. Come April we will at least see a reversal to the lows we saw last year and i fear even lower. Its difficult to be bullish if bitcoin cant even retest the weekly EMA 21. But this is just my view. Thanks for your analysis anyway.
Reply
Sherem Szabi84
@Szabi84, you sure? :-P
Reply
@Sherem, Even more so now :-)
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out