Litecoin currently has an inverse H&S potential on both the 1H and 4H: The neckline zone goes from $93-95: A break above could lead to first $100 psychological and even $110, depending on what grandpa BTC does. As always: Patterns only get confirmed when they break, even then they can fake-out/not see any follow-through.
In the direct correlation, the bulls managed to uphold 8k Satoshi, and now have 10k Satoshi as resistance.
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Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
In the direct correlation, the bulls managed to uphold 8k Satoshi, and now have 10k Satoshi as resistance.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
