Get started
UnknownUnicorn1761827

LTC Analysis

Litecoin (BITFINEX:LTCUSD)  
UnknownUnicorn1761827 Updated   
BITFINEX:LTCUSD   Litecoin
Trend Analysis Cup And Handle Oscillators
5
0
trendanalysis cupandhandle oscillator
Formed a cup and handle after 34 days.
Currently in a rising wedge and has been following btc price changes. If btc decides to moon ltc should as well which would lead to it breaking the wedge.

MACD, RSI, and DMI are currently sitting in a wedge as well.

Don't take any action until movement becomes clear; I will continue to watch this.

Closer:
snapshot
Comment:
Cup and Handle was invalid, looks more like a pan and handle.
Dipping, still has potential of bounce off ema 89 and just bounced off support on rsi.
snapshot

If it breaks ema 89 and breaks an rsi value of 40 should indicate a strong dip to 144 and lower.
Trade active:
Short this, btc crashing, didn't find support at ema and rsi.
snapshot

BTC:
snapshot
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.