Rare analysis on LTC/ETH pairing; 1day C&H + Golden Cross

Panjang

Litecoin / Ethereum (BITTREX:LTCETH)

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BITTREX:LTCETH Litecoin / Ethereum

trendanalysis chartpattern indicator ltc eth ltceth litecoin ethereum ccup handle golden cross

We can see here on the 1 day chart of the ltc/eth pairing that we have a golden cross and an obvious cup and handle set up. Probability favors a bullish break upward above the rimline but you want to wait for 2 consecutive 1 day candles above the rimline to confirm the break because a fakeout is always a possibility even with a golden cross...if we break upward I have posted the expected price target here in the green box. The question is if the breakout does occur will LTC make its gains on ETH by ltc going up or eth going down

Komen:

I have never analyzed this pairing before but this setup was too good not to comment on.

Penafian

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