lITECOIN vs US Dollars technical analyses

in #lite • 7 years ago (edited)

Litecoin after recent high happened last week after Charlie Lee announced that he quit working for Coinbase and will do full-time for Litecoin development market just reacted quick and took the price to $50 USD a coin.
Now the chart lost the steem and the market is today overbought lost the grip in the near term support i assume the market will drop more and the major support is at $30 USD .Let's see what the market is upto Even the Bitcoin is showing total bearish ..
Screen Shot 2017-06-26 at 12.01.26 PM.png

#coin #litecoinusdolars #bitcoin #tradingcrypto
7 years ago in #lite by
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     7 years ago 

    good analysis...also looks like a head n shoulders about ready to break down below the threshold area for the patter to hold up.

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       7 years ago 

      Not a perfect head and shoulder pattern but it looks market just exhausted correction happening on the daily charts may be it's wave 2 on a daily chart look at the rally and now the correction

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