Litecoin Technical Analysis: LTC/USD potential head and shoulders formation under construction
|- Litecoin price in the latter stages of trading on Wednesday i trading in very minor positive of some 0.3%.
- LTC/USD price action via the daily chart view is constructing a potential head and shoulders formation.
- The critical noted support can be seen tracking at $95, which is the possible neckline of the noted h&s.
Spot rate: 102.53
Relative change: +0.30%
High: 105.61
Low: 100.14
LTC/USD 60-minute chart
- Bearish pennant formation eyed via the 60-minute chart view, subject to possible breakout to the downside.
LTC/USD daily chart
- Price action via the daily chart view is forming a potential head and shoulders pattern.
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