Looking at the 3 month chart for Litecoin, there is a head and shoulder formation. This means that litecoin will break $40 and head lower. This means that litecoin will fall to $30-$40 range and trade there for awhile, of coarse this can change if news is released. What do you think?
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Fill your boots
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Aww, no.
I don't see that at all.
It's in a rising position.
I expect $50 on this next break out.
Best of trading with your analysis, I hope it works for you.
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It does have strong support at $40s so as long as that holds you'll see $50, but idk things looking like sideways trading now. This chart is based on a 3 month chart anyways so we won't know anything short term, haha. All the best.
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IMHO
The 3-month chart clearly shows it going up.
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As long as $40s hold you're right, otherwise it completes the H&S formation and that will be bad cause if $40s break it will see low $30s.
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Over all market, trend is in play here.
Good luck.
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I invested about $100 into this when it was in the $20 range. I'm not trading. I will just sit back long term. I figure a little Gold,Silver,Crypto for long term wealth security. Thanks for your insight though. Much appreciated. :C) Upvoted.
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