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Litecoin LTC Breakout Cup FORMING - OUR NEXT TARGET!

BITFINEX:LTCBTC   Litecoin / Bitcoin
Moving onto Litecoin, fundamentally Litecoin is very similar to Bitcoin as it is limited in quantity as it's considered the Silver to Bitcoins gold . There's still some room to grow we're still in this medium ground where there was never really established support/resistance levels. Looks like the next real resistance is right around that $107 mark. We're above the EMA which is bullish . We got support right around that $82 mark that was previous resistance previous support and we've got some good buy volume coming in.

We're still overbought here just like the majority of the coins as they really saw these run-ups with USD pairings and are going to see some downside soon and liquidity will flow more into altcoins. Let's look at the Bitcoin chart for Litecoin were expecting a rounding bottom pattern to form here. Rounding bottom is when we're coming from a downtrend forming a cup we forming that handle and we break out to the upside.

We've got that known resistance at that .018 and we could see that support of.014 where we can swing trade between these levels, but we do expect Litecoin to see some sort of a break out to the upside in Satoshi value sometime soon as long as we can continue that uptrend up in USD value. That will all come together as soon as we see this Market mature and see more stability. With EOS’s Analysis, we see a big breakout coming here, we did see so
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