Litecoin short-term target.

Hello guys,

I found a cup and handle pattern on the 30min chart. So that's bullish on short term. If litecoins breaks the next resistance around $42 it could easily move up to $43.
If it hits the resistance level of $44 it will probably get a correction, because bitcoin could drop anytime ( see following idea)

Leave a like if you like this idea, I hope it's useful!

This is not financial advice, always do your own research.

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cup and handle pattern*

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Strategy is working out just like I expected.

Trade active

Still working as I expected. Currently Litecoin is trying to break the $41.82 resistance. Next resistance is around $43.7.

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Litecoin failed to break the $41.82 resistance. Litecoin is currently testing the $41.5 support level, we could drop to the support level around $41.34

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Head and sholder pattern formed, next supert zone around $41.

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Head and shoulders*

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Reversed head and shoulders pattern forming, but as I have already mentioned everything depends on what bitcoin will do.

cryptodrawer

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cryptodrawer