Litecoin, Considerable H-S-Formation, How It Completes!

Hi,

Welcome to this analysis about Litecoin, we are looking at the 2-hour timeframe perspectives. As Litecoin in recent times managed to somewhat initially build up in its established structure it has now formed this inverse head-and-shoulder-formation with the left shoulder and the head already completed and now Litecoin is about to form the right shoulder in the structure in which the price is holding above this ascending-trend-line marked in dashed grey which is a good reference point for further developments in this range nevertheless it is also possible that Litecoin tests the lower support in blue where a bounce is likely to show up, this support is also important to hold and when this happens it can be the proper origin of the final breakout above the neckline which will complete the head-and-shoulder-formation bullishly with the further projections ahead in the structure.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
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Information provided is only educational and should not be used to take action in the market.