Litecoin LTCBTC - Another Short Term Cup & Handle Forming
Looks pretty good, volume matches up so far, LTC is obviously bullish - keep a lookout for a break above the neckline.
Target coincides with a previous peak.
Target coincides with a previous peak.
Note
We just got break down lower than the pattern should really allow for, however it was bought back up pretty quickly so it might not matter - but be cautious.Even if this breaks down, still keep an eye on this larger Cup & Handle:
Note
Starting to look like it might be more of a Bull Flag / Penant. Would still work as a handle for the larger C&H
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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.