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.
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.
Note
cup and handle pattern*Note
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.Note
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 $41.34Note
Head and sholder pattern formed, next supert zone around $41.Note
Head and shoulders*Note
Reversed head and shoulders pattern forming, but as I have already mentioned everything depends on what bitcoin will do.
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.