Long

Dip to ~$83 before breaking past ATH | Cup and Handle Forming

Updated

With the resistance from the all time high, I believe it is likely we see some downward trends over the next two weeks. If we do we're solidifying the formation of the Handle part of the C&H Pattern. Cup and Handles are bullish continuation patterns, so after the dip we're likely to see some rapid growth stopping well above the ATH of ~$94.

** Comments and critiques always welcome especially contrasting ideas
** @CAG_CryptoTA

Note

I still personally believe we are topping out on LTC, though there is still room for some short term growth. Although BTC broke through 10k with momentum we need to see how far it holds out. Watch BTC, I feel like in this case the two are linked. LTC will lag behind BTC. We may still see the C&H formation. Great time to take profits, but risky to enter at such a high with such a long time since the last major consolidation.

caguillen214

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