LTC Potential Cup & Handle

605 7
Hello all,
Been trading cryptos for a while now but here's my first post.
I'm watching closely LTC as it has continued following its up-trending channel.
It seems to have put in a nice base for a Cup & Handle , of which the handle is now forming.
Shorter term it has been riding its 10 & 30 EMA nicely.
A move above $63.50-64 would indicate a break above the handle and we can see a rally up to the top trendlines of the channel.
Target profit would be the 70's range, a nice 20% move from where we are now.
Thoughts and feedback all welcome! Thanks
its happening:)
+1 回复
I loved the tea cup you are an artist.
+2 回复
@steve43214, haha let my artistic talent match my calls
it also appears like a symmetric triangle formation and very close to a break out. The resistance is holding too and RSI is about 57. you are probably right on the level 63 - 64, but I'd probably wait until 65 - 66 before i go long because that was the most recent high.
+1 回复
@rony.kris, I see that too. 65-66 is more conservative, agreed. But a break above the triangle, if it holds, will signal a buy at a little lower price for me personally. Thanks!
+1 回复
rony.kris whaleclub_capital

Thanks for your analysis ! Great chart !
+1 回复
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