COINBASE:LTCUSD   Litecoin / U.S. Dollar
LTC inverted H&S
The Head and shoulders pattern is a short term reversal pattern. It has three peak formations with a taller peak in the center. The taller peak is called the head and the other two peaks are called shoulders. This pattern appears in a bullish market, thus it is also known as Head and Shoulders Top.

The left peak usually appears followed by a bullish rally. This extended uphill rally takes a breath or the prices come down a bit due to a small profit booking. After a small dip in the prices, the head is forming as the bulls gain the momentum once again and push the prices up.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.