LitecoinLong
LTCUSD possible cup and handle formation?
LTC has maintained its upward trend in the past months. Recently, it has had a rounding bottom. The volume confirms that yesterday's touch to the previous ATH is valid.
After touching that level, it seems like LTCUSD is consolidating in order to breakout to a new ATH. A possible level to look for would be the 0.618 level ($75 circa). I think unless the macro market environment changes (e.g. BTC crash that many have been hoping for), LTC is likely to take a few days before breaking $90, but it is likely to remain strong.
After touching that level, it seems like LTCUSD is consolidating in order to breakout to a new ATH. A possible level to look for would be the 0.618 level ($75 circa). I think unless the macro market environment changes (e.g. BTC crash that many have been hoping for), LTC is likely to take a few days before breaking $90, but it is likely to remain strong.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.