LTC/USD Possible Short
On 4H Bitfinex Chart a Cup and Handle formation has been formed. The handle is in the 50%-61.8% retracement range from Fibonacci and also the price is rejected from the trendline and EMA50. This gives a possible target of 50%-61.8% of the Fibonacci extension. Also, if the price breaks below 86.10$ this would break the last fractal on 4H holding the price and then we might see a fall toward 77$-ish.
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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.