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
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