LTCBTC Possible Cup and Handle Forming

Originally noticed on the weekly chart. Looks like we might have a very long term cup and handle forming on the LTCBTC Daily chart. Watch for a rebound above the 50% mark from the top of the cup. Pattern is invalidated if .0116 level does not hold.

Comment:

Well here we are. We are approaching the 100ma looking like we might have a nice bounce. The level we are looking for is 0.0126. If this holds and we see a bounce we may get a run from this C&H. This last candle may form a doji as well which adds to my conviction.

However, the markets have been crazy this past week so I could totally see this thing failing.

Comment:

So the "handle" of this pattern fell below 50% of the height of the cup. That invalidates this setup. Thanks for following my idea!