Long

LTC -Litecoin

By Haceru

Updated

Possible breakout attempt - inverted head and shoulders, neck line broken, trend resistance broken, MACD cross

Note

Levels to watch (resistance along the way up): $308, $318 and $343. Then, final test at the ATH of $348. Good luck

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Retesting the $308 level, now turned support. Possible double top or cup and handle formation on the 5 minutes chart

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Hanging man at $318 on the hourly chart, thus resistance level confirmed. Hopefully is a continuation one and the trend continues upwards toward the next level at $343

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Cup completed; let`s see about the handle:

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Handle formation in progress; $318 level resistance turn support (approx. 32% cup depth):

Trade closed manually

After the completion of the handle, there was a spike to $329.84 followed by a drop below the edge of the cup; also a nice bearish divergence on the 15 minutes chart, a very low volume and BTC climbing again to 20k mark. No point insisting now, I expect a retrace to the trend line support around$305 before going up again

Haceru

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