FOMONOMO

LTC breaking out on high volume

Long
KRAKEN:LTCUSD   Litecoin
Red target set earlier today has just been touched after a ltcusd breakout on high volume

Lines 1 and B represent short term support.

The purple line represents a potential inverted head and shoulders, forecasting a similar move to the red target (set by the red rectangle pattern)
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.