LTCUSDT 1H trend chart - While the whole market is encountering a correction, LTC is also consolidating. Further, it is forming an inverse Head and Shoulders pattern. If price breaks the downtrend line(=neckline of HS) w/o wicks top, trading strategy as below. - Profit Targets: a) 214.85----Fib(1) b) 226.91~231.79----Fib(1.272~1.382) c) 237.02----Fib(1.5)
Stop losses: a) 186.75-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see!
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