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LTC -Litecoin

Por Haceru
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Possible breakout attempt - inverted head and shoulders, neck line broken, trend resistance broken, MACD cross
Nota
Levels to watch (resistance along the way up): $308, $318 and $343. Then, final test at the ATH of $348. Good luck
Nota
Retesting the $308 level, now turned support. Possible double top or cup and handle formation on the 5 minutes chart
snapshot
Nota
Hanging man at $318 on the hourly chart, thus resistance level confirmed. Hopefully is a continuation one and the trend continues upwards toward the next level at $343
snapshot
Nota
Cup completed; let`s see about the handle:
snapshot
Nota
Handle formation in progress; $318 level resistance turn support (approx. 32% cup depth):
snapshot
Trade fechado manualmente
After the completion of the handle, there was a spike to $329.84 followed by a drop below the edge of the cup; also a nice bearish divergence on the 15 minutes chart, a very low volume and BTC climbing again to 20k mark. No point insisting now, I expect a retrace to the trend line support around$305 before going up again
snapshot
Head and ShouldersTrend AnalysisTrend Lines
Haceru

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