Litecoin Inverse Head and Shoulders Bottom Breakout

May 15, 2019

After a very ugly correction, LTC has taken it's time and built out a very nice looking base over the past year. Most recently, it finished forming the right shoulder of what I see as a inverse head and shoulders bottom. Now, today we are seeing a breakout form this beautiful base. My initial target for this move is into the $170-$190 range. I would reconsider if a backtest goes too far below $95 or so.