LTC Litecoin Head & Shoulder Neckline Resistance $250 Sell

Though it's not a perfect head and shoulder setup, illustration shows much similarities. High volume during left shoulder creation and medium volume reaching the Head, low volume creating the right shoulder. Creator, Charlie Lee relinquishing his holdings is a good reason for the decline, negative sentiment. The space for quick and low fee coins are becoming much more competitive as of late. Dropping out of top 5 to #8 and market cap losing 3 billion on coinmarketcap. IMO, Fundamentals and TA for LTC is bearish. What you guys think? Would love to hear counter argument. Thanks

Kommentar:

Recent push above $250 and green candle on the 6 hr. will test $300 and beyond.