Litecoin H&S Chart Pattern

If we look at the daily chart of Litecoin, we can see a trend reversal chart pattern. Head & Shoulders pattern gives a clear signal that the market is going to change the main up trend. If price can break the signal line, probably we'll see a downward movement to 20.00 - 16.00 support levels. It's a common price movement after a signal line breakout of H&S pattern. Do you think it's possible for Litecoin? Probably H&S won't be realized as a trend reversal pattern completely. If we get positive fundamental news for Bitcoins, altcoin markets also will be able to move upward and continue the main up trends. For Litecoin it will be very important to break the level of the right shoulder and rise above 50.00 level. In such way we'll get a confirmation for further upward movement. In spite of the trend reversal chart pattern, I think that this market is one of the most interesting for investing in long term. Let's watch for Litecoin with more interest. Good luck!