filbfilb

Litecoin Showing Bitcoin what to do.

Long
filbfilb Updated   
COINBASE:LTCUSD   Litecoin
LTC has broken to the upside out of the Inverse H&S.
A much clearer, clean chart than Bitcoin.

61.8% retracement of the move down = target of 43$
Target of H&E = target of 43$
1.61 Extention of the H&S = 40$

Technically you could wait for a better entry in terms of risk,waiting on a retracement to the neckline if you wish to be risk averse.
Im long from the breakout.

My position on BTC has not changed, Is linked below.
Comment:
I have hedged all my positions until ethereum classic double spend issue is out of the way.

FREE Telegram Channel ⏩⏩⏩ t.me/cryptotraider

GET MY INDICATORS; www.decentrader.com/?ref=51

Follow on Twitter @filbfilb
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.