failure of cup and handle to break out
a break and close below the double-top support line at 124.50 would suggest a retracement to 116 area.
VERY IMPORTANT lines to be watching for support/resistance
if LTC breaks the blue line, it can test 132 support. If 132 support holds, it can test the resistance line at 145ish
if LTC breaks 132 it can complete a double top with a target of 124.50ish
had to re-tweek the line, no break. gonna take a little break from the charts for a bit to get my sanity back lol
since early yesterday, been tracking this rising wedge, typically rising wedges break downward, and as we approach the resistance line at 144-145-146ish, I would expect a rejection there.
formation has good credence