LitecoinLong
LTCUSD possible cup and handle formation?
LTC has maintained its upward trend in the past months. Recently, it has had a rounding bottom. The volume confirms that yesterday's touch to the previous ATH is valid.
After touching that level, it seems like LTCUSD is consolidating in order to breakout to a new ATH. A possible level to look for would be the 0.618 level ($75 circa). I think unless the macro market environment changes (e.g. BTC crash that many have been hoping for), LTC is likely to take a few days before breaking $90, but it is likely to remain strong.
After touching that level, it seems like LTCUSD is consolidating in order to breakout to a new ATH. A possible level to look for would be the 0.618 level ($75 circa). I think unless the macro market environment changes (e.g. BTC crash that many have been hoping for), LTC is likely to take a few days before breaking $90, but it is likely to remain strong.
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