Litecoin LTC Bullish Wedge? Part 3

Updated

So far so good, but the last move up has been quite disappointing for LTC'. It's not that strange since it has already made a big rally, but it does show there is no extreme interest. On the left you can see an inverse H&S in the making. The speed of the current rally shows there is a chance for it, but it would mean we need more quick rallies the coming days. On the right we can see a range now with a potential double top even. For the H&S to work out, it needs to stay above the green support and break up within 2 days max. If that happens, it could become realistic. For now, it's just a fairy tail :)

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Previous analysis:

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Double top it seems with a possible bearish wedge. Its not a beauty but its there

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Double top support still holding, but looks like the wedge broke. So still not looking good here. Target of the wedge is around 29. Just a healthy correction IMO

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Target of the wedge and double top is around the yellow circle

botje11

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