LTC / USD Possible Head and Shlouders forming

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LTC looks like it could be forming a head and shoulders on the 1 hour chart! This coupled with LTC nearly contacting the top of the downward channel means we could see a large drop in price.

I am very much a beginner and just want to make observations and learn from them! My simple analysis is simply for fun and learning, please do not make trading decisions based on my observations - like I said I am just a beginner.