Litecoin, Develops H-S-Formation, Upcoming Scenarios!

Hello Traders Investors And Community,

Welcome to this analysis about Litecoin, we are looking at the 2-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. When assessing Litecoin it is important to distinguish it from other cryptocurrencies as not each is building such formational structures as Litecoin is forming, as the divergence between the certain currencies is increasing there are currencies in a more bullish constellation while others have more bearish perspectives, with Litecoin it is the case that it is still in a more or less indecisive range with a slightly higher bearish possibility, however, this can also change and therefore I detected the main important levels and likely perspectives we should consider.

As when looking at my chart now we can watch there how Litecoin is about to form this major head-and-shoulder-formation marked with the neckline in blue, within this formation, Litecoin already completed the left shoulder and the head in the structure and is now setting up to form the right shoulder with the first wave to the upside moving directly into this resistance cluster from where the wave to the downside has a high likelihood to emerge, this will complete the right shoulder and therefore also the head-and-shoulder-formation after which the final breakout will come, for now, the bearish breakout has a higher possibility of 65% nevertheless it is important to keep patient on the right validations before finally moving into the direction.

Thank you everybody for watching the analysis, great contentment for everybody supporting, all the best!
"Trading effectively is about assessing possibilities, not certainties."

Information provided is only educational and should not be used to take action in the market.