Litecoin LTCBTC - Possible Larger Cup & Handle
Possible larger Cup & Handle - with the smaller C&H I posted earlier being the handle for this one. Target coincides roughly with another major resistance line / previous peak.
As I'm typing this I'm seeing the price fall a little bit - that may invalidate the smaller Cup & Handle (there were some bearish divergences that needed to be resolved at some point, this may be a correction from that).
But even if the other one doesn't play out it doesn't invalidate this larger one - may just need to form a larger handle.
Keep an eye on it in any case! This idea starts looking weak if it gets below 0.00825 or so, but any break above 0.01 with significant volume is a pretty sure sign.
As I'm typing this I'm seeing the price fall a little bit - that may invalidate the smaller Cup & Handle (there were some bearish divergences that needed to be resolved at some point, this may be a correction from that).
But even if the other one doesn't play out it doesn't invalidate this larger one - may just need to form a larger handle.
Keep an eye on it in any case! This idea starts looking weak if it gets below 0.00825 or so, but any break above 0.01 with significant volume is a pretty sure sign.
Note
Bull Penant forming at the neckline:
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.