KRAKEN:LTCUSD   Litecoin / U.S. Dollar
83 2
It might consolidate a bit, but should keep rising, following the long-term trend.
Comment: the charted support has been broken, which indicates a bear move.
I am personally seeing a head and shoulders formation. Would you agree ?
2017/06/19 1st Shoulder
2017/07/04 Head
2017/07/23 2nd Shoulder

But it seems it may have been a failed attempt of its regular aftermath due to fundamental analysis, whereby introducing new technology and the overall bull run has created great support.
@NIGHTBLOOD, yes, I saw the head and shoulders pattern, but it didn't materialise and it didn't want to go below the neck line. This could absolutely be the overall bull run affecting it. But I feel that in this market LTC has underperformed other major symbols for no fundamental reason and it's due to pick up as well. Then again, it's not been performing as it "should", so I'm not holding a large position there.
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