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Oops_I_Charted
Apr 12, 2017 4:05 PM

Litecoin LTCBTC - Another Short Term Cup & Handle Forming Long

Litecoin / BitcoinPoloniex

Description

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.

Comment

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:

Comment

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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