#CryptoObservers #LTCUSD

Litecoin was only able to reach $132.4, unable to surpass the doji, resembling a falling star. It is important that an inverted Head and Shoulders pattern has appeared, albeit in a blurry form, with disproportionate shoulders. Although the pattern is not at the bottom, it still indicates a decreased probability of decline, as confirmed by the long shadow of the red candle. Waiting for a test of $140.
The current dynamics in Litecoin show asymmetric growth compared to the rest of the market. The open interest in LTC has reached $140 million, indicating strong growth expectations. During the correction, OI decreased from $885 million to $525 million but stabilized before the start of the growth. In the last 24 hours, a 10% surge in OI has been recorded, which may indicate an influx of new long positions.
The growth in funding on futures markets confirms that longs prevail over shorts. Analyst with the nickname Tyler called Litecoin "one of the best charts in cryptocurrency," and a trader under the pseudonym Poseidon predicts a new all-time high at the $300 level.