It looks like we spoke too soon about the head and shoulders rejection in Litecoin. At the time, it appeared to be breaching the neckline, however this was short-lived. After a rejection from the neckline we saw support at $184, a level we have been identifying for days. We should see some support here but if not, $174 is the next level down. Ideally we would see a bounce with some nice conviction, however we may be seeing a bear flag forming. The neckline of our H&S pattern should provide formidable resistance at $195.
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