LTC BREAKS INVERSE H&S FOR A SHORT-TERM BEARISH MOVE
Hello guys,
The right shoulder of the inverse H&S and a symmetrical triangle are broken with an evening star. LTC move has formed a beginning of bear flag. These indicators involve a test of $152 support in the short-term.
Just a bearish momentum I think, LTC should recover its value in a few days. Don't forget that LTC has formed a huge and perfect symmetrical triangle with an ABCDE Elliot wave, so LTC should result from moves in $150-$180 price range to complete the E of the wave.
Take a look at my daily-chart analysis. (Link for "The bright future for Litecoin" below)
Hope you like my analysis, agree or comment below !
Have a nice Sunday ahead ;)
The right shoulder of the inverse H&S and a symmetrical triangle are broken with an evening star. LTC move has formed a beginning of bear flag. These indicators involve a test of $152 support in the short-term.
Just a bearish momentum I think, LTC should recover its value in a few days. Don't forget that LTC has formed a huge and perfect symmetrical triangle with an ABCDE Elliot wave, so LTC should result from moves in $150-$180 price range to complete the E of the wave.
Take a look at my daily-chart analysis. (Link for "The bright future for Litecoin" below)
Hope you like my analysis, agree or comment below !
Have a nice Sunday ahead ;)
Comment:
Bearish flag update
Comment:
LTCUSD has recently reached $152 support, now we will wait few times to make another analysis for the next trend. If the $152 breaks and goes near $145 we could consider that the next support will be around $137.
Like, comment and follow :)
Have a nice day guys
Like, comment and follow :)
Have a nice day guys
This must be the breakout of the bearish flag I noticed. There's another small bearish flag in there to justify that possible move.