I while ago I suggested that LTCBTC was forming a cup (idea below), now apparently it is forming the handle. If the neckline of 9892 is broken the target for the C&H is 11780.
RSI repeats pattern of climbing channel.
Barring any fake out like that happened a few days ago, target is $121. 1 hourly already closed above the channel, the 4 hourly will further confirm it. RSI in a rising channel with plenty of room to go up.
multiple nested C&H pattern found in the chart with same neckline of 9572. It is crucial that this neck line is broken for any bullish price action.
More bullish pattern, in addition that the dips are getting absorbed and are higher in price. Target for falling wedge 10.3K.
Two gaps "needs" to be filled.
LTC faked out the break up from the descending channel and now dropped below the support of the channel. It is 9 on the hourly TD sequential count. Will we have now an upward trend in the range? The coming hours will decide.
Breaking out of a bull flag, RSI breakout from channel and MACD crossover. Initial target 105. Target for downward channel (purple) breakout is $144
Target from the falling wedge breakout is also $106. RSI and MACD bullish.
Potential cup and handle formation within a couple of weeks.
The break out from the RSI downward channel is the strongest bullish indicator. target if inverse H&S forms is about 12.3K.
LTC is forming the handle of a large cup and handle pattern. The RSI indicates the possibility of a drop, this drop will make the price touch the idealized curve of the handle. There is also no reason why the RSI cannot break over the orange resistance line right now and the price shoot straight up. Both cases are bullish, but if it drops, it's an opportunity...
4hrs chart shows a falling wedge formation in both price action and RSI.
MACD crossover as well. Potential significant drop in BTC dominance in the short term, Alts will bloom.
BTC is trading sluggishly. There was a fakeout of the inverted H&S. H&S about to be invalidated. Breakdown from rising wedge in the RSI is bearish, unless it's not a rising wedge but a channel (dotted line) because RSI touches the bottom support only once. Potential harmonic has changed as well as the potential path of the price action.
More patterns to suggest an upward trend in BTC in the short term followed by a drop.