Litecoin

Intraday - We look to Sell at 54.83 (stop at 56.60)

The primary trend remains bearish. A bearish Head and Shoulders is forming. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Further downside is expected although we prefer to sell into rallies close to the 55.00 level.

Our profit targets will be 50.49 and 49.00

Resistance: 55.00 / 70.00 / 100.00
Support: 50.00 / 40.00 / 20.00

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