Litecoin the laggard in the crypto run up is finally showing some strenght. The massive cup and handle formation on the weekly timeframe broke bullish smashing previous highs. One of the few top tier coins that has yet made ATH set in 2018. Is this finially Litecoin's time to shine? Hmmm
Trade closed manually:
I'd forget the pattern for now until Bitcoin decides it's direction. Bitcoin and broader market has the spotlight. I am leaning bearish.
Over 5% gains so far, that's not too bad. I'd take some off the table here just in case. Weekly chart still looks very bullish to me, with that said the crypto market as a whole looks toppy. You have multiple coins that have significant extended rallies like Ethereum, Binance and even Bitcoin to a smaller degree. If the market pullbacks from here, it'll drag Litecoin down with it.