crypto_kiddie

LTC - Bearish Crossover

Short
BITFINEX:LTCUSD   Litecoin
Now this could be due to some selloff and not last very long, but we're seeing a bearish crossover on the hourlies 1hr - 3hr. The 4hr has not crossed over yet, but I'd keep a close eye on it.

I'm not too experienced with the technicals of what exactly defines a true H&S, but it sure does look like it on the 1hr. If my prediction is correct then I'd expect some slight pullback before dipping further.

Just stating what I see, in hopes it helps accurately shape your TA perspective. Let me know if I'm wrong, or you don't agree. I'm here to apply what I've learned and learn even more.

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