Litecoin Short: Breakdown of H&S
Firstly, beware of volatility from upcoming FOMC.
From my analysis using 15 mins timeframe, I can see a clear head and shoulders setup that has broken through. Using a standard measuring rule of 1-to-1 distance (distance from head to trendline), I project that the take profit target will be around $59.75.
From my analysis using 15 mins timeframe, I can see a clear head and shoulders setup that has broken through. Using a standard measuring rule of 1-to-1 distance (distance from head to trendline), I project that the take profit target will be around $59.75.
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