The 4 hour time frame of Litecoin (LTCUSD) is captured in this analysis from July 24, 2018 to current date.
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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The 4 hour time frame of Bitcoin is displayed in this analysis with price action from June 24, 2018 to current date. Continue reading Bitcoin analysis: Live update
EURJPY from January 31, 2018 to current date is shown in this analysis, and commentary is provided below based on the numbers marked on the chart. Continue reading EURJPY with a double bottom pattern: 6 hour tf analysis
Litecoin (LTCUSD) 1 hour timeframe chart is shown in this analysis from September 1, 2018 to present date. Continue reading Litecoin live update
The previous Bitcoin analysis did put the current price action in proper perspective, and is crucial to the future progression of Bitcoin. Continue reading Bitcoin Analysis: Trouble ahead?