Litecoin daily cup
Litecoin on the daily. Looks to be forming similar cup and handle as we saw on the last all time high
re-tracements were almost perfectly 1/3 of total move. on current all time high move the retrace also puts it back at a very strong support line down by 82.50
this possibly could coincide with a bitcoin rejection of all time high(10k) which retraces and pulls back litecoin with it down into that 82 level before both coins run back up to bust through their ATH
also possible litecoin moves with bitcoin to 100 or 98 being close or above its all time high as bitcoin is running past 10,000 - then upon bitcoin retracing from above the 10k level it will cause litecoin to come down with it which will put litecoin at its 82.50 level setting it up for a proper run up to and above the 98-100 level.
82.50 level is estimation 88.30 is a good support as well. this obviously can run down much lower and negate this pattern
re-tracements were almost perfectly 1/3 of total move. on current all time high move the retrace also puts it back at a very strong support line down by 82.50
this possibly could coincide with a bitcoin rejection of all time high(10k) which retraces and pulls back litecoin with it down into that 82 level before both coins run back up to bust through their ATH
also possible litecoin moves with bitcoin to 100 or 98 being close or above its all time high as bitcoin is running past 10,000 - then upon bitcoin retracing from above the 10k level it will cause litecoin to come down with it which will put litecoin at its 82.50 level setting it up for a proper run up to and above the 98-100 level.
82.50 level is estimation 88.30 is a good support as well. this obviously can run down much lower and negate this pattern
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