Head and Shoulders in Litecoin??

16. März 2021

Litecoin appears to be forming a head and shoulders, with the right shoulder forming at the moment. We had a good run for $227, but this appeared provide prohibitive resistance. The neckline at $195 will provide support however, at least until the second shoulder forms. If we break down from here $184 and $174 will provide support. The Kovach OBV is still pretty strong but has leveled off, suggesting a retracement could be near.