Inverse Head and Shoulders Litecoin!!

1 Sep 2021

Litecoin saw support around $164, as we said it would in yesterday's support. We have recovered a value area at $174, a level we anticipated we were highly likely to test again. Currently we are forming an inverse head and shoulders type pattern with a neckline at $174. If this is able to break out, we could easily hit $179. We have failed to test $184 in the most recent attempt, but this would be the next target if we could muster more strength.