Head and Shoulder Triangle Forming on LTCUSD Daily Chart

There is a major H&S pattern forming on the daily chart that sets a target price of around $30 by end of year. The right shoulder requires a price rise to around $100 per LTC and then a massive drop to $30 to complete the pattern. Failure to break above the orange circle strongly to invalidate the H&S pattern signals that the further drop to $30 per LTC is a likely scenario for the end of the year.