Hello all, Been trading cryptos for a while now but here's my first post. I'm watching closely LTC as it has continued following its up-trending channel. It seems to have put in a nice base for a Cup & Handle, of which the handle is now forming. Shorter term it has been riding its 10 & 30 EMA nicely. A move above $63.50-64 would indicate a break above the handle and we can see a rally up to the top trendlines of the channel. Target profit would be the 70's range, a nice 20% move from where we are now. Thoughts and feedback all welcome! Thanks
@steve43214, haha let my artistic talent match my calls
onuraydeniz88
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its happening:)
rony.kris
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it also appears like a symmetric triangle formation and very close to a break out. The resistance is holding too and RSI is about 57. you are probably right on the level 63 - 64, but I'd probably wait until 65 - 66 before i go long because that was the most recent high.
whaleclub_capital
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@rony.kris, I see that too. 65-66 is more conservative, agreed. But a break above the triangle, if it holds, will signal a buy at a little lower price for me personally. Thanks!