LTC / USD Cup and Handle Formation???

1 set 2019

Hello everyone, it has been a while sense my last post. It is good to be back. I was looking at LTC / USD on 1 day chart and see a possible cup handle formation. I think this is supported by the RSI which is currently around 30 and Bollinger bands, where LTC is at the bottom band for a month or so. I expect to see 120-130 in the next couple of months. I think we will be seeing 120-130 after drawing a trend line from the 6th of March in 2018 with a high of $180, to the 24th of January 2019, at a high of $140 and continuing this line into the coming months it shows we will see $120-$130 high.

I am very much a beginner and just want to make observations and learn from them! My simple analysis is for fun and learning, please do not make trading decisions based on my observations - like I said I am just a beginner.

Thanks so much for reading my analysis, please follow me and like my post!

- Max K.