LTC has a good support in the 60$ range. The 50% fib level, the VPVR and the price action in that range are all telling us that there could be a good support for the price. And potentially it will reverse at that level and will form a perfect cup & handle pattern. Bear in mind, the price of LTC is still dependent on the BTC evolution, but the halving is also near and that can boost LTC in the near future.
Note
The cup & handle pattern is confirmed. Our next target is 170$.
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.
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.