I just wanted to revisit my post i made a few days ago, here ,talking about how i thought a Head and Shoulders pattern was forming on litecoin's daily chart and was about to signal a break down.
Well fast foward a few days and it is looking like it will be inevitable that this H&S formation is going to happen.... all it needs to do now is burst through that neck line with some volume... and LTC should be reaching into the 30's and 20's
How am i trading this?..... it would need to break its down trend for me to get into it anytime soon.... otherwise i am on the sidelines observing a breakdown through the neckline.
As someone who is trying to accumulate LTC, i hope the price comes way down.... but i guess we will see.
Good luck to everyone! :)