LTCUSD may be bearish Short

Litecoin / United States DollarCoinbase

Description

⋅ Aug 11, 2019 6:40 AM

Head & shoulders might be forming now (but still unconfirmed: must close below the neckline). Some other bearish indications we can see in the chart ("old" resistance, engulfing bearish pattern etc). I would not buy now.
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Comments

sdon7366

⋅ Aug 11, 2019 9:48 AM

For some very strange reason, I can see LTC dipping back towards the $60 region before it skyrockets back up towards the $140 region

LookIntoTrade

⋅ Aug 11, 2019 10:15 AM

@sdon7366, I agree that the price may find support around $60. But what happens later: I do not know.

kxa5111

⋅ Aug 11, 2019 8:59 PM

@sdon7366 @LookIntoTrade, Looks like LTC had its bottom at 83-82 and will go up further now, no more down to the area for a long time now

LookIntoTrade

⋅ Aug 12, 2019 5:13 AM

@kxa5111, I am not bearish either because we are still above the neckline. But I would not buy yet anyway :)