Answer42
Short

LTC/USD - Head and Shoulders

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
Lots of the alt coins are showing Head and Shoulder patterns. We are in for a rough ride if any of this happens.

I would expect a bounce off the first support zone and then the market will decide what happens next.

Play Safe.

Disclaimer
Answer42 is not responsible for any losses incurred as a result of following trading signals mentioned and cannot be held accountable for any direct / indirect damages as a result of following the trading recommendations. All trading recommendations are based on hypothetical probabilities and there is no guarantee of results. Traders are advised to carefully evaluate the trading signals, manage risks and trade according to their own judgement.
Pattern did not trigger. Now invalidated.
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Thanks. As with any volatile market, the cryptos are open to wild swings which can easily shake out lots of traders who are on the wrong side.
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@andmk2, Absolutely, this week will be an interesting one with panic and fear thrown in.
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