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nagihatoum

LTC rejected by 200 ma on 1 hr, Bearish harmonic formed

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Litecoin (BINANCE:LTCUSD)  
nagihatoum  
BINANCE:LTCUSD   Litecoin
Trend Analysis Harmonic Patterns Chart Patterns LTC
11
21
trendanalysis harmonicpatterns chartpattern ltc
broke out of channel but formed a broadening falling wedge. A lot of mini pumps, but not impressed, still in the same trading range since the 16th. this trading range formed a bear a pennant. Bolinger bands getting tight. Longing here is inadvisable. Potential to drop to $49 very likely. Potential target $45, bear pennant target.

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