Ascending head and shoulders are bad news

188 5
After completing the head and shoulder figure it should fall up to 10% to in a week or two.

Bearish Target: 48
Optimistic target: 53
评论: Price following the right shoulder pattern as expected.
评论: Price still in the right shoulder
Hi Veilkrand,thanks for the chart ! Hey, I want to point out that the current price of LTC is $62.34. Do you think it will fall back. I have huge stake in LTC like 500 LTC. LTC has lot of good news.. Do you think it will go again to 50's. Please do share your valuable thoughts.

veilkrand patelcrypto
@patelcrypto, It's hard to say. This is one of the readings you can do of the market, drawing an ascending head and shoulders that usually became a bullish trend. However crypto market is extremely volatile and don't follow traditional price patterns easily.
My recommendation is to lower risks at short-term, keep them for long term. LTCUSD is anyway undersold, if it goes to under 55 it will recover fast to 60.
patelcrypto veilkrand
@veilkrand, Thanks for your suggestion.. I made mistake by shorting LTC at this price... Could have waited instead of riding on waves..Regards
+1 回复
veilkrand patelcrypto
@patelcrypto, it's not a mistake. Your job as investor is to make money, not to lose. Losing potential future profit in order to reduce risk and make a profit is totally legit.
patelcrypto veilkrand
@veilkrand, Thanks ...
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