Possible H&S forming on LTCUSD pair if you don't consider the last little 'surge' as the second shoulder.
This means LTC is at a interesting price point to buy in with a tight SL to try and catch the shoulder up to the neckline around $98.
The support in case we drop down the support will be around $51 as the chart shows. Another support for this H&S claim is the bullish RSI convergence we are having on the chart (D).
What do you think?
This means LTC is at a interesting price point to buy in with a tight SL to try and catch the shoulder up to the neckline around $98.
The support in case we drop down the support will be around $51 as the chart shows. Another support for this H&S claim is the bullish RSI convergence we are having on the chart (D).
What do you think?