LTC/BTC Near Breakout, Possible Head and Shoulders Forming

Mar 17, 2018

LTCBTC is currently bouncing around a major line of support with a triangle pattern formed. In the midst of this, it appears that it may be forming a medium-term head and shoulder pattern. If it breaks down from this support line, it certainly is.

You may have noticed the drop in volume, this also has be wondering if the price will break down to the negative because of the lack of volume.

My buy order for 0.0159 just went through last night. I believe that a trader at Binance ran the stops/limits and made it all the way down to my order. Something weird is going on.

I'm about 50/50 at this point, and my suspicions for a negative breakout are growing, but I am reluctant to sell my LTC for BTC. I have a sell order set at 0.030.