Litecoin: The Inverted H&S pattern that turned the trend upwards
Target: 51.75
Risk: 36.90
Technical reasons:
Litecoin price completed forming an inverted head and shoulders’ pattern that will push the price to achieve expected rises in the coming period, getting support by the exponential moving averages 50 and 100.
The next target located at 50.00 then 51.75, while breaking 36.90 will push the price to decline again.
Risk: 36.90
Technical reasons:
Litecoin price completed forming an inverted head and shoulders’ pattern that will push the price to achieve expected rises in the coming period, getting support by the exponential moving averages 50 and 100.
The next target located at 50.00 then 51.75, while breaking 36.90 will push the price to decline again.