tradingwithyg
Short

LTC Head and Shoulders Short

COINBASE:LTCUSD   Litecoin / U.S. Dollar
Litecoin looking weaker as buy side volume fades. Price is currently trading $5 from the pattern neckline. The head and shoulders neckline is about 20% lower than the recent high, so if this pattern is activated price could fall towards the <~$70 range. Price is trading at trend resistance so I expect price to continue moving lower towards the neckline. Will need a break and hold below $84 for pattern to be activated.
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