LTCUSD the bears are waking up

Mar 3, 2018

LTC looks like another double top with bear flags showing up all over the chart and a head an shoulders pattern headed towards the neckline where litecoin falls apart on the 4 hour. My guess is we are back at the .786/.618 with a target of 162. The fib time and retrace are all lining up. Low volume coupled with a bad litepay launch has failed to produce a breakout in consolidation potentially may be headed to new lows.