Litecoin after reached a low at $22.54, it increased in value %551.96 and established the high of the year at $146.95.
A possible head and shoulders top can be spotlighted as a major pattern, it is a 20 weeks H&S and some minors patterns have formed over the course of this major pattern.
During the last 11 days, the price has been inside a parallel channel located at the support level(neckline), a breakout or breakdown outside of this channel could deploy a movement with a major extension.
2)Head and Shoulders: Neckline = $69 - $72, it has confluence with the %61.80 Fibonacci retracement
Note: A pattern is not a pattern until its completed formation, a pattern can morph into anything during its formation, this is called morphology. My perspective is slightly bearish.
At the following chart, you can find further details.
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Hola a todos,
Gracias por seguir la idea y su apoyo.
Si encuentra algo interesante en ella puede dar un me gusta, compartirla con otros o hacer un comentario.
😀
🇬🇧
Hello guys,
If you find something interesting in it, you might give me a thumbs up, share it with others, or leave a comment.
Thanks in advance.
😀
Hola a todos,
Gracias por seguir la idea y su apoyo.
Si encuentra algo interesante en ella puede dar un me gusta, compartirla con otros o hacer un comentario.
😀
🇬🇧
Hello guys,
If you find something interesting in it, you might give me a thumbs up, share it with others, or leave a comment.
Thanks in advance.
😀