Description
Litecoin is forming a clear Head and Shoulders pattern, signaling a potential trend reversal. The left shoulder, head, and right shoulder are all visible, and price is currently hovering near the neckline zone. This level is the key area to watch for confirmation.
Key Points:
• Defined Left Shoulder – Head – Right Shoulder structure
• Neckline support acting as the decision point
• Sellers showing up at the same zone where previous shoulders formed
• Breakdown and close below neckline would confirm the bearish setup
• Failure to break the neckline could invalidate the pattern and send price back into the range
#LTCUSD
#Crypto
#HeadAndShoulders
# DYOR
Litecoin is forming a clear Head and Shoulders pattern, signaling a potential trend reversal. The left shoulder, head, and right shoulder are all visible, and price is currently hovering near the neckline zone. This level is the key area to watch for confirmation.
Key Points:
• Defined Left Shoulder – Head – Right Shoulder structure
• Neckline support acting as the decision point
• Sellers showing up at the same zone where previous shoulders formed
• Breakdown and close below neckline would confirm the bearish setup
• Failure to break the neckline could invalidate the pattern and send price back into the range
#LTCUSD
#Crypto
#HeadAndShoulders
# DYOR
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.
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.