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Litecoin to resume bullish trend soon? 4 hour time analysis

The 4 hour time frame of Litecoin (LTCUSD) is captured in this analysis from July 24, 2018 to current date.

Ltc analysis, litecoin news

In particular, August 14, 2018 to current date appears to be shaping up as an inverted head and shoulders pattern (or head and shoulders bottom).

The left shoulder (LS), right shoulder (RS) and possible Head (H) of the pattern are marked on the chart. A close above the downward sloping line at ~$62.14, taken as the neckline would confirm the pattern, whose implication is ideally bullish.

Price closing below ~$47.10 (point of invalidation = POI) before closing above $62.14 would invalidate the formation of the bullish pattern in Litecoin.

Interested in Bitcoin (BTCUSD)? Check out our previous analysis here. Moreover,  EURJPY (FX) analysis can be found here.

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One thought on “Litecoin to resume bullish trend soon? 4 hour time analysis

  1. […] in Litecoin (LTCUSD)? Check out our previous analysis here. Moreover,  EURJPY (FX) analysis can be […]

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