Hello everyone!
So, we have just completed the Head&Shoulders Formation. As you you can see, LTC is behaving pretty much as it did when it touched the lower part of the descending channel on Feb.23rd.
What is expected now is a rally of LTC up to 205 USD approx. and back down to the lower part of the descending channel.
Bear in mind folks, that March 14th is a key date due to the closing of CBOE Bitcoin Futures, contract XBT/H8. This is scheduled for 14 March 2018 14:45:00 CDT, and as we know from previous experiences, the whole crypto market is extremely reactive to this event. Caution is therefore advised for the following days.
That's all folks! Good luck and if I get many likes I will update this analysis!
Thank you and have a great day!
So, we have just completed the Head&Shoulders Formation. As you you can see, LTC is behaving pretty much as it did when it touched the lower part of the descending channel on Feb.23rd.
What is expected now is a rally of LTC up to 205 USD approx. and back down to the lower part of the descending channel.
Bear in mind folks, that March 14th is a key date due to the closing of CBOE Bitcoin Futures, contract XBT/H8. This is scheduled for 14 March 2018 14:45:00 CDT, and as we know from previous experiences, the whole crypto market is extremely reactive to this event. Caution is therefore advised for the following days.
That's all folks! Good luck and if I get many likes I will update this analysis!
Thank you and have a great day!
Will keep you guys updated.
Happy trading!