zac_destroys_all

Inverse head and shoulders pattern on LTC

Long
COINBASE:LTCUSD   Litecoin
Over the last couple of days LTCUSD has been building strong support after a large fall. LTC finally started to signal a reversal after hitting 152USD. Many coins as well as LTC have been showing bullish structure within the last day or 2. However LTCUSD has been an underperformer and has yet to catch up. LTCUSD has been forming a very prominent head and shoulders pattern as of late. The price action has just recently broke the neckline ,the target measured from the head to the neck line is roughly 237USD.
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