Potential Cup and Handle on LTC
Updated
The 20 week and 50 week moving averages are 2 weeks away from either crossing over or being rejected by each other,
We can see a classic cup and handle pattern occurs if this week's close is above our yellow line or $164
If we do get a bounce off the $164 price level, I see prices going to our next resistance area $200 - $220
I'll update this post in the coming weeks and as well as any updates if we break below $164
We can see a classic cup and handle pattern occurs if this week's close is above our yellow line or $164
If we do get a bounce off the $164 price level, I see prices going to our next resistance area $200 - $220
I'll update this post in the coming weeks and as well as any updates if we break below $164
Trade closed: target reached
Good News!!! We closed and actually SMASHED and closed past $215 and have officially broken previous resistance. I believe we will see a bit of a pullback testing $186 price level before REtesting $215.Remember this is a marathon, not a race, as of right now the coming weeks are looking good for crypto.
Stay tuned
:)
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