gator0302

LTC/USD Weekly

Long
BINANCE:LTCUSD   Litecoin
This is kind of an ugly inverse head and shoulders, but I've seen uglier. Per Bulkowski this is actually a very well performing inverse head and shoulders because we have a downward sloping neckline in combination with the left shoulder valley lower than the right shoulder valley. If we can close 3 candles above the .381 fib at $50.41 then we've got a great shot at hitting our pattern confirmation of $61.50. Once we confirm the pattern, then I believe we're heading to $114.70.
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